New Age Terrorism requires New Age Solutions

Overview

Content will cover;

• How the risk of terrorism has changed in recent years
• The nature of the current threat and how insurance products address this.
• The effect of attacks in recent years. Non-damage and CBRN
• How Pool Re model and underwrite terrorism
• How coverage has evolved
• Some thoughts on the future.

Learning Objectives

By attending this event, delegates will be able to:

1. Consider the dynamic nature of the terrorism threat
2. Examine recent incidents and how these are informing scheme evolution
3. Understand the terrorism market landscape and how cover has adapted to meet this has changed
4. Appreciate the ways in which Pool Re cover differs from that typically provided by property policies.
5. Understand how Pool Re model and evaluate terrorism risk.

Steve Coates is Chief Underwriting Officer for Pool Re and has been in post since 2012. He is responsible for all aspects of underwriting, claims, modelling, exposure management and external retrocession.

Prior to this he was Head of UK Property & Casualty at Allianz where he spent 11 years including one in Australia. Before this he worked at Independent Insurance where he ended up as UK Property Underwriting manager. He started his career at Eagle Star. Steve is ACII qualified and an expert witness in insurance matters.