Ihr Browser wird leider nicht von marsh.com unterstützt.

Um unseren Dienst optimal nutzen zu können, aktualisieren Sie auf einen unterstützten Browser:

X

PRESS CENTER

Global Terrorism Insurance Market Keeps Pace With Evolving Threats

New York, NY   |   Mittwoch, 22 Mai 2019

TRIPRA Remains Crucial to Continued Stability of US Market: Marsh Report

The global property terrorism insurance market remains strong with sufficient capacity to respond to today’s predominant terrorist threats, according to a new report from Marsh, the world’s leading insurance broker and risk adviser. Continued stability of the US property terrorism insurance market, however, is a point of focus as the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is set to expire in 2020.

Published today, Marsh’s 2019 Terrorism Risk Insurance Report explores the state of terrorism and the terrorism insurance marketplace in key regions around the world. This year’s report also includes insurance market insights from Marsh’s World Risk Review ratings platform, which provides risk ratings across nine different perils for 197 countries.

According to the report, the predominant terrorism threat globally remains from extremists focused on inflicting mass casualties in unsophisticated attacks on crowded public spaces rather than large-scale property damage. Over the last few years, the global property terrorism insurance market has responded by expanding coverage – most notably in the development of coverage for active assailant events and non-damage business interruption.

While the overall terrorism market is stable and able to respond to today’s threats, the long-term viability of the US property terrorism insurance market is back in the spotlight. Marsh notes in the report that should Congress allow TRIPRA to expire without a replacement, it could create capacity shortfalls, especially for businesses located in high profile cities and employers with significant workers’ compensation accumulations. 

“The existence of government backstops, like TRIPRA, has played an important role in ensuring the continued stability and health of the global property terrorism insurance market,” said Tarique Nageer, Terrorism Placement Advisory Leader, Marsh. “TRIPRA is in place until December 31, 2020, and all eyes are on the Congressional schedule as we approach this deadline.

“In the meantime, US businesses and organizations are advised to work with their brokers as soon as possible to map out a strategy to mitigate potential disruption.” 

Other key findings from this year’s report include:

  • From May 2018 through May 2019, terrorism risk ratings fell across 116 countries, most notably in Egypt, Turkey, and Spain. Little improvement, however, occurred in the world’s riskiest states for terrorism, including Afghanistan, Yemen, and Iraq.
  • The number of Marsh-managed captives actively underwriting one or more insurance programs that access TRIPRA increased 10% to 182 captives in 2018.
  • The number of US companies purchasing terrorism coverage embedded in property policies under TRIPRA remained consistent at 62% in 2018.
  • Education entities, media, financial institutions, and real estate companies had the highest terrorism insurance take-up rates by industry in 2018.

Über Marsh

Marsh ist der weltweit führende Industrieversicherungsmakler und Risikoberater. Unsere rund 35.000 Mitarbeiter helfen mittelständischen Unternehmen und Konzernen aller Branchen in mehr als 130 Ländern mit innovativen Absicherungslösungen und Beratungsleistungen ihre Risiken erfolgreich zu managen. Für die Marsh GmbH sind in Deutschland über 700 Mitarbeiter an den Standorten Baden-Baden, Berlin, Detmold, Düsseldorf, Frankfurt, Hamburg, Leipzig, München, Saarbrücken, Stuttgart und Ulm tätig. 

Marsh ist Teil der Marsh & McLennan Companies (NYSE: MMC), einem weltweit führenden Beratungsunternehmen in den Bereichen Risiko, Strategie und Personal. Marsh & McLennan Companies hat einen Jahresumsatz von fast 17 Mrd. US-Dollar und beschäftigt rund 76.000 Mitarbeiter. Die vier Tochterunternehmen von MMC – Marsh, Guy Carpenter, Mercer und Oliver Wyman – unterstützen Kunden dabei, sich sicher in einem stetig dynamischer und komplexer werdenden Umfeld zu bewegen. Folgen Sie Marsh auf Twitter @MarshGlobal oder auf LinkedIn, Facebook und YouTube oder abonnieren Sie unseren Nachrichtenservice BRINK.