PCS Global Terror
Global terror reinsurance is an unnecessarily small market. Through years of soft market dynamics, terror reinsurance exposure has grown significantly, resulting in a retrocessional need that could come at any time.
PCS Global Terror provides independent third-party industry loss estimates for terror risk and catastrophe loss events of at least $25 million worldwide. Terror is the latest specialty lines loss aggregation solution from PCS (following PCS Global Marine and Energy and PCS Global Cyber).
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, courtesy of Verisk Maplecroft
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.
Learn more here, or contact:
Tom Johansmeyer, ARM
AVP, PCS Strategy and Development
Office: +1 201 469 3140 | Mobile: +1 201 377 8429
tjohansmeyer@verisk.com
Ted Gregory
Director of Operations
Office: +1.201.469.3144 | Mobile: +1.201.253.6866
tgregory@verisk.com