Terror Insurance: Are You Sufficiently Covered?
Terror insurance and its cover have become more essential than ever following recent events around the world and increased terror threats in the Nordics over the past years.
Your business may not be a direct target for a terror attack. But in case of a terror attack, your business may become victim of collateral damages, especially if you are located in the city center or another highly busy location.
Although you may have access to local pools or shared coverages through your property policy, are you sure that is the right solution for you? Is this cover satisfactory in the event of an incident? And do you have coverage for business interruption? Like many other catastrophe perils, a terrorism incident can disrupt or destroy a business following a loss.
We offer an independent terror insurance service to our clients in connection with their property insurance or as a stand-alone product. Furthermore, we also offer an excess solution with a drop-down provision, which provides cover if the underlying policy limit is eroded or partly eroded. Either way, the client will be fully covered.
Our segment and strategy are insurance solutions for Nordic companies with exposures and locations around the world.
Our service offering includes coverage for PD and BI losses (either directly or as reinsurance), with the possibility of extensions such as rent loss, extra expenses, and denial of access.
We are locally represented in the Nordic countries with direct access to experienced underwriters and claim handlers. We strive to support the Nordic insurance market through long-term commitment and relationships.
If you would like to hear more about our terror insurance service offering, including our risk appetite and the like, please reach out to us.
Anna-Carin Anderson
Property Underwriter & Lead Terrorism Underwriter
Property & Construction
Sweden
Elisabeth Myklebost
Head of Property, Norway
Property & Construction, Renewable Energy
Norway
About The RiskPoint Group
The RiskPoint Group is one of Europe’s largest Managing General Underwriters (MGUs), providing best in class insurance solutions to businesses and their advisors globally. The RiskPoint Group operates as RiskPoint in Europe and Asia and RP Underwriting in the rest of the world.
With 250+ employees and 17 locations in Europe, North America, and Asia Pacific, the RiskPoint Group employs expert underwriting and specialized, in-house claims teams within Accident & Health, Transactional Risk, Property & Construction, Renewable Energy, Offshore Upstream, and Liabilities, including Financial Lines, Cyber, and Casualty.
The RiskPoint Group is a Coverholder with Lloyd’s of London and is backed by a strong panel of well-reputed insurance companies.
