Chubb launches new terrorism risk management service for multinationals

Chubb has launched a new service for multinational companies and large middle market businesses which combines its terrorism & political violence underwriting, risk engineering, global security, catastrophe modelling and digital expertise.

Chubb’s Terrorism Risk Evaluation Services was developed after feedback from corporate customers who wanted to evaluate and better understand potential terrorism and PV exposures for operational bases around the world.

The company’s aim is to bring together its knowledge and data across a series of specialist areas and combine these with new technology. For example, a Chubb risk engineer assesses a client’s key locations using a staged process of risk identification, protective security and risk mitigation, which is then combined with mobile risk analytics, including GPS app mapping technology. This process considers the occupancy and location of the visited site and surrounding exposures. It also assesses core aspects of protective security and provides a location-specific score for the perils at risk as well as identifying potential terror targets within the vicinity.

Analysed data is presented to the client in a report detailing the results of the survey and recommendations to reduce potential security breaches.

Piers Gregory, head of terrorism and political violence, Chubb, said: “The threat of terrorism and political violence around the world is an issue which companies need to consider both for the safety of their employees and customers and, also, to ensure business continuity wherever possible.

“Chubb's multinational customers use facilities in many different countries and the expert insights and analysis provided by our new Terrorism Risk Evaluation Services can help provide them with an accurate assessment of the risk exposures of their buildings and other premises, wherever they might be.”

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