Terrorism Insurance review 2013

Terrorism attacks are the most devastating and expensive of events for the providers of terrorism insurance and can represent the most disruptive of events for insurance buyers. Because of the substantial losses that could be suffered following a terrorism event, some insurers and reinsurers are reluctant to offer insurance on terms and conditions that are attractive to the buyers of business insurance.

In order to overcome these difficulties, many governments have introduced state-funded terrorism insurance and reinsurance facilities that may be referred to as terrorism schemes, funds or pools.

This report considers some of the features of the most important terrorism schemes in existence across the world.