Reinsurance News
Terrorism reinsurance
Terrorism reinsurance news and analysis can be found below.
Reinsurance for terrorism risks provides insurers with a backstop for potentially catastrophic and difficult-to-predict losses from terrorist attacks.
Due to the fact the private reinsurance market is often capacity constrained to cover such enormous, concentrated and potentially volatile terrorism risks, governments in many countries (including the UK, US, and Australia) have established public-private terror reinsurance risk pools to ensure terrorism insurance cover remains available to businesses.
Austrian terrorism reinsurance pool signs up to IFTRIP
10th January 2017
The Austrian terrorism reinsurance pool, Österreichischer Versicherungspool zur Deckung von Terrorrisiken (VV0), has signed up to support the charter of the International Forum of Terrorism Risk Reinsurance Pools (IFTRIP). The Austrian terror risk reinsurance pool is the seventh sovereign risk pool to sign up to the IFTRIP charter since its inception ... Read the full article
Guy Carpenter advises caution on terrorism coverage in 2017 forecast
6th January 2017
With global political volatility on the rise, terrorism coverage will require extra vigilance, while new technologies shift the landscape of challenges and opportunities for re/insurers, according to broker Guy Carpenter. New technologies, big data and predictive analytics, coupled with the "sharing" economy are some of the major emerging factors ... Read the full article
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