Terrorism continues to dominate the headlines throughout 2017. The attacks in Manchester and twice in the capital, came just three months apart. Businesses trading in Borough Market, remained closed for weeks following the attacks. This of course places demands upon insurance providers to react to the ever-rising threat of terror.
As new types of terror emerge, insurers must be equipped to tackle threats/attacks arising from challenges as diverse as lone wolf militants and the rapidly-increasing risks of cyber crime. In their latest London Market update, Hiscox looks at just some of the challenges. Read the full story here.
Following IRA attacks in 1993, Pool Reinsurance was reformed forcing insurers to withdraw cover for terror-related damage. Now nearly two decades later, the need is almost the same for business to assess interruption. Bloomberg has been speaking to them about how they continue to address the challenges ahead. Read the full story here.