I spent seventeen years working in police and government counter-terrorism and understand the sensitivities of running counter-terrorism operations. Where they can, the police and MI5 share information with the public and promote awareness of what is a rapidly evolving threat. However, by its very nature, much of the work conducted by the counter-terrorism community cannot be shared without impeding ongoing investigations. But an information gap does exist for businesses who can shape behaviour and improve safety, security and resilience.
The insurance industry is in a position to provide risk mitigation and crisis management advice. When it comes to terrorism, an understanding of the threat landscape is essential if insurers and brokers are to provide relevant advice to clients. They also provide the products which, in the event of an attack, help businesses get back on their feet. An understanding and awareness of the evolving attack methodologies can also help with the pricing of these risks. Pool Re’s Terrorism Research and Analysis Centre aims to provide insurers with such information. We can provide a bridge between government and the industry. Using our expertise developed in previous careers and ongoing professional development, to analyse and assess open source information, we can provide carriers and brokers with a more comprehensive and current understanding of terrorism.
We provide analysis of attacks and updates on various themes from an emerging or developing risk perspective. In our view, this is particularly timely, as the terrorism spectrum has never been as broad nor the number of threat vectors as diverse. The latest edition of our Terrorism Threat and Mitigation Report looks at issues as varied as the threat posed by dissident republicanism, terrorist threats to aviation and the relationship between extremist media and attacks. We have begun a process of intelligence led risk mitigation, the goal of which is to provide our members and their clients with the tools necessary to make informed decisions. This can only support the efforts of the police and MI5.