Independent estimates for terror catastrophe loss events
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.
PCS Global Terror provides detailed information about loss events and risk
PCS Global Terror provides detailed information about loss events and risk
Event bulletins in PCS Global Terror include:
- attack date
- location(s) of the attack
- insurance industry loss estimate (reported in U.S. dollars)
- narrative explaining the nature of the event based on information from publicly available sources and insights from participating (re)insurers
- supplemental information, such as number of fatalities and casualties, provided by Verisk Maplecroft
PCS Global Terror methodology
PCS Global Terror 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.