Global terror remains an important risk for the re/insurance industry, particularly given heightened geopolitical sensitivities. Improved risk and capital management require a more thorough understanding of historical losses, as well as what they could mean given today's threats and exposures. PCS Global Terror provides independent third-party industry loss estimates for terror risk and catastrophe loss events of at least $25 million worldwide that will provide new clarity to these risks.
The SRCC Index (Strikes, Riots, Civil Commotions, and Civil Unrest) will provide insurers and reinsurers with a robust and reliable tool to assess and quantify the risks associated with civil unrest, enhancing the understanding and management of terrorism risks in the (re)insurance market. The reporting threshold for loss estimates for SRCC is $100 million.
Event bulletins in PCS Global Terror and SRCC include:
PCS Global Terror and SRCC uses a methodology based on the one developed for PCS Global Marine and Energy, which will serve as the foundation for future specialty lines loss aggregation solutions as well.