Managing terrorism risk today requires a combination of strategies and tactics that protect people, property, and finances. On the financial side, the choice is whether to retain or transfer the risk via insurance. But the changing pattern of terrorism risk has some companies questioning whether they are adequately insured for business interruption and related losses. And they wonder how to prepare for potential losses from cyber terrorism and other events.
The “2016 Terrorism Risk Insurance Report” summarizes terrorism risk insurance trends, provides benchmarking related to terrorism insurance take-up rates and pricing, and offers risk management solutions for terrorism exposures.
Among the key takeaways from the report: