2020: A year of turmoil
SOLUTIONS Annual Review 2020
The Pool Re SOLUTIONS Annual Review provides an overview of significant developments in the field of terrorism risk, bringing together experts from a range of disciplines including (re)insurance, policy, academia, security, and risk management. As well as addressing key issues in counter-terrorism and protective security, the Review includes leading research and commentary on significant events and trends in disaster risk financing and related public policy. Contributors to the report include both SOLUTIONS in-house team of analysts, actuaries, and risk managers, and individuals from Pool Re’s wider network of thought leaders and subject matter experts.
When examining the terrorism threat, our methodology is based on analysis of the wide range of publicly available open source material and collaboration with subject-matter experts. We also used the Global Terrorism Database, compiled by the University of Maryland to provide a statistical underpinning to other studies. Where the Global Terrorism Database was not used, we used publicly available data drawn from a variety of sources, the references to which can be found at the end of each article.
We hope that our analysis of the terror threat will be helpful for our Members and other stakeholders as they seek a greater awareness of the frequency and severity of terrorist events and how the evolving threat impacts on their particular area of activity. Furthermore, we aim to promote a better understanding of the challenges and opportunities faced not only in the field of terrorism risk, but by the wider (re)insurance sector.
In this edition, we consider a range of trends and events which are reconfiguring the threat landscape, as well as looking more widely at developments in the re(insurance) sector and related legislative and policy issues.
Read the full update here:COH_J012867-Pool-Re-Solutions-Annual-Review-web
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Hear from the contributors:
Reviewing the Risk Data
Eden Stewart, Senior Analyst at Pool Re
Can we really manage terrorism risk?
Nick Aldworth, Director of Risk to Resolution
On 10th January 2022, the Minister for Security and Borders at the Home Office, Damian Hinds MP, released a report summarising the findings from the public consultation for the proposed Protect Duty legislation that will require owners and/or operators of Publicly Accessible Locations (PALs) to take appropriate and proportionate measures to protect the public from terrorist attack.
On Sunday 14 November, an explosion occurred in a taxi outside the reception entrance of Liverpool Women’s Hospital. Emad al Swealmeen, the bomber, was the only fatality. The driver of the taxi, who escaped the vehicle immediately after the detonation, suffered minor injuries and was the only other casualty. There was no reported damage to the hospital.
On 15 October 2021, Sir David Amess MP, a British Conservative politician, was stabbed and killed in a premeditated attack at a constituency surgery in Leigh-on-Sea.