Marsh Canada  

TERRORISM


Marsh provides updates on terrorism risk insurance, trends, and capacity through our Marketwatch reports.

Terrorism RiskTerrorism insurance and associated risk management strategies are dynamic and complex issues, with many interdependent factors contributing to managing the risk. Foreign relations, the effectiveness of homeland defense, and the ambiguous nature of the risk make terrorism losses extremely challenging to predict and quantify. It is difficult for insurers to effectively price and reserve capacity for their potential exposure to catastrophic terrorism losses.

The standalone terrorism market has grown and evolved in recent years and now offers a number of viable program solutions for companies to mitigate their terrorism risks.
Marsh Risk Management Research
2014 Terrorism Risk Insurance Report
April 22, 2014  |  Views: 3 |  Comments: 0 
2014 Terrorism Risk Insurance Report
Uncertainty around renewal of the federal insurance terrorism backstop, set to expire December 31, 2014, has affected the availability and price of insurance.  >>
2013 Terrorism Risk Insurance Report
May 16, 2013  |  Views: 967 |  Comments: 0 
2013 Terrorism Risk Insurance Report
With TRIA set to expire in less than two years, supporters are asking Congress to extend the Act.  >>

Additional Thought Leadership
Terrorism Risk Models Aid in Risk Financing Decisions
May 01, 2013  |  Views: 1215 |  Comments: 0 
Terrorism Risk Models Aid in Risk Financing Decisions
Models help organizations understand the relationship between vulnerable sites and the potential likelihood of impact from terrorist acts.  >>
Lessons Learned from the Catastrophes of 2011: The Marsh Point of View
April 17, 2012  |  Views: 1645 |  Comments: 0 
Lessons Learned from the Catastrophes of 2011: The Marsh Point of View
We identify five major risk and insurance topics in the context of 2011 catastrophes.  >>
New Reality of Risk Webcast Series
January 18, 2012  |  Views: 2427 |  Comments: 0  | Article Rating
New Reality of Risk Webcast Series
Stay abreast of trends in the Canadian insurance market, gain insights from guest speakers who are experts in their fields, and discover new ways to proactively manage risk - Marsh...  >>
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Business Continuity Management For Legal and Financial Advisory Firms, Accountants, Life Agents, and Dispute Resolution Specialists
July 08, 2013  |  Views: 4961 |  Comments: 0  | Article Rating
Business Continuity Management For Legal and Financial Advisory Firms, Accountants, Life Agents, and Dispute Resolution Specialists
Business interruptions caused by natural or unforeseen events are becoming increasingly prevalent and, in many instances, good governance dictates that organizations should be prep...  Read More...
Terrorism Risk
March 30, 2011  |  Views: 3913 |  Comments: 0  | Article Rating
Terrorism Risk
Terrorism insurance coverage is organized to protect companies from potential physical damage and business interruption deriving from terrorist attacks. It not only addresses opera...  Read More...
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Recent Travel Alerts Highlight Need for Sound Terrorism Risk Management Strategies
October 11, 2010  |  Views: 4637 |  Comments: 0  | Article Rating
Recent Travel Alerts Highlight Need for Sound Terrorism Risk Management Strategies
The United States, UK, and Japan issued alerts last week, warning of a possible "Mumbai style” terrorist attack in Europe, including to transportation systems and tourist attractio...  Read More...
Pirate Attacks a Growing Concern
September 13, 2010  |  Views: 4985 |  Comments: 0  | Article Rating
Pirate Attacks a Growing Concern
Pirate attacks in the Gulf of Aden and Indian Ocean have become a prevalent concern, the most recent attack occurring last month. The geographical range of the pirates as well as ...  Read More...
American Business At Risk if Terrorism RIsk Insurance Act Discontinued
August 25, 2010  |  Views: 4883 |  Comments: 0  | Article Rating
American Business At Risk if Terrorism RIsk Insurance Act Discontinued
Discontinuation of a government-mandated terrorism backstop would have an adverse effect on the long-term availability and affordability of terrorism insurance, according to a lett...  Read More...
Violence in Mexico Increases
July 09, 2010  |  Views: 4791 |  Comments: 0  | Article Rating
Violence in Mexico Increases
Violence related to Mexico's battle against organized crime and drug traffickers continues to escalate, with the most recent attacks aimed at disrupting the municipal elections wit...  Read More...
Terrorism Risk Management Costs Decline as Federal Reinsurance Backstop Continues To Stabilize Insurance Market
July 06, 2010  |  Views: 5697 |  Comments: 0  | Article Rating
Terrorism Risk Management Costs Decline as Federal Reinsurance Backstop Continues To Stabilize Insurance Market
Despite a changing and uncertain marketplace, U.S. terrorism insurance take-up rates continued to climb in 2009 as companies of all sizes and across all industries continued to pur...  Read More...
Attempted Times Square Bombing Highlights Need for Terrorism Insurance
May 05, 2010  |  Views: 4578 |  Comments: 0  | Article Rating
Attempted Times Square Bombing Highlights Need for Terrorism Insurance
The thwarted plot to blow up a sport utility vehicle in New York’s Times Square on May 1 serves as a reminder that the threat of terrorism remains at the forefront of risk manageme...  Read More...
National Oil Companies Can Use Captives to Manage Enterprise-wide Insurance Needs
April 26, 2010  |  Views: 5050 |  Comments: 0  | Article Rating
National Oil Companies Can Use Captives to Manage Enterprise-wide Insurance Needs
New research reveals that only a small proportion of the world's National Oil Companies (NOCs) own and operate their own insurance vehicles.The research, which was carried out by M...  Read More...
Proposed Cuts to TRIA Funding Creates Uncertainty in Terrorism Insurance Market
April 20, 2010  |  Views: 4641 |  Comments: 0 
Proposed Cuts to TRIA Funding Creates Uncertainty in Terrorism Insurance Market
The proposed 2011 budget released by the Obama Administration includes a reduction in federal support for the Terrorism Risk Insurance Act (TRIA).   Read More...
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January 25, 2012  |  Views: 4195
Canadian Commercial Insurance Market Conditions Stable in 2012: Marsh
Canadian commercial insurance rates are expected to remain stable across most lines of business in 2012, continuing a trend that began in the second half of 2011, according to a co...  Read More...

Contacts
Daniel Galvao

Toronto ON Canada
416 868 7988
daniel.galvao@marsh.com