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Pool Re publishes inaugural Terrorism Frequency Report
Written by Deborah Ritchie
Pool Re has published its inaugural quarterly Terrorism Frequency Report, a detailed account of the severity and frequency of events, along with analysis of key trends, amongst them the rising threat from the ‘Virtual Caliphate’, online radicalisation, cyber attacks, and the implications for UK security and business.
While reports on individual terrorism events are readily available, expert analysis of the methodologies used and trends within this landscape are scattered and often inaccessible to those outside the security services.
In addition to examining the potential for closer collaboration between Al Qaeda and Daesh and how a merger could alter the UK’s threat landscape, the report's authors look at whether the use of improvised explosive devices in the Manchester and Parsons Green attacks could herald a step change in the frequency and method of terrorist attacks.
Chief Executive of Pool Re said, Julian Enoizi, says the terrorism risk landscape is changing rapidly. "Our Terrorism Frequency Report aims to provide our Members and stakeholders with up-to-date analysis that can inform their decision making via an accessible resource detailing the frequency and severity of attacks. It also identifies key trends and themes designed to inform and thereby enable the terrorism (re)insurance market to assume more risk and, in so doing, remove it from the government's balance sheet. To remain relevant, our Scheme must continue to evolve.
"This is the latest example of our efforts to do so. We will continue to strengthen the Scheme and to furnish our Members with the tools and resources to allow them to better enhance the UK’s resilience.”