We have written to France’s terrorism reinsurance pool, Gareat, to offer our support and to extend our sympathy.
We will continue our efforts to encourage resilience at crowded places in this country by promoting the application of discounted terrorism insurance premiums via the Loss Mitigation Credit (LMC) for compliance with the OSCT Protective Security Improvement Activity (PSIA), which the Home Office commissioned following a review of its crowded places programme in 2013.
The genesis and development of the LMC initiative has, at its core, the goal of bolstering the UK’s defences against an evolving terrorist threat. Its launch not only provides a clear incentive for organisations across Great Britain to implement the OSCT risk management techniques and develop the infrastructure that can help thwart terrorist attacks but also, in the event of an attack, protect lives and maintain commerce.
We are working with OSCT and other government departments to extend the LMC initiative to Critical National Infrastructure and beyond.