Terrorism
Quantify macro-terrorism risk to manage portfolios, transfer risk, underwrite, and set rates.
The Lasting Impacts of 9/11 on the Insurance Industry
In this 20-year retrospective, learn about how 9/11 catalyzed the need for better terrorism risk solutions.
Dynamic Risk
For nearly 20 years, RMS terrorism models have been updated regularly to reflect the latest threat landscape. The models enable application of various reinsurance programs and TRIPRA.
Probabilistic Modeling
Gain a complete view of risk with a comprehensive solution that provides a full range of possible attacks of varying severity and likelihood.
Manage Accumulations
Evaluate exposure concentrations within your book using a database of global terrorist targets and accumulation tools.
Support Reporting
Produce losses and results necessary for Lloyd’s RDS, rating agencies such as AM Best SRQ, and government reporting including US TRIP data call.
Clear Insight
Obtain a clear competitive advantage in risk selection, risk transfer, and capital management. Covers property (including business interruption) and human exposures.
Spotlight
The Market-Leading Terrorism Risk Model
The most widely accepted model in the industry gained its credibility from experts in the field, the use of 3D blast modeling techniques, and through consistent updates to the models reflective of the current landscape. RMS also works with government agencies to inform views on terrorism risks.
Related Products
Beyond Terrorism
(Re)insurers that offer affirmative terrorism coverage or are otherwise exposed to terrorism may be interested in a number of other RMS solutions to help gain a more complete view of risk.
RMS Cyber Solutions
Cyber risk also involves human actors with the intent to disrupt or cause loss. RMS Cyber Solutions include a comprehensive cyber risk model, a standardized cyber data schema, configurable analyses, results, and reporting.
RMS LifeRisks
RMS LifeRisks® is an SaaS solution used in both the life and health and pension markets to model excess mortality and longevity risk. In some regions, terrorism is included in the excess mortality model.
RMS Cost Severities
For terrorism and other risk and accumulation modeling, RMS offers the U.S. Workers' Compensation Cost Severities, which are updated regularly to convert casualties into financial losses.
Industrial Facilities
Better understand the unique nature of industrial and energy facilities with models customized for these distinct exposures.
Marine Cargo Models
Estimate potential losses and risks using a vulnerability model custom-tailored to the uniqueness of the cargo and specie lines of business.
Human Casualty Earthquake Model
Workers Compensation insurers in the U.S. cannot exclude terrorism or other catastrophic risks. The RMS® Earthquake Casualty Model can model losses due to injuries and fatalities arising from earthquakes in the U.S., China, and Japan.
SiteIQ
Assess a location’s risk to multiple perils in seconds with this application grounded in third-party insights.
Location Intelligence API
Gain better underwriting perspective with instant access to the world’s best catastrophe insights.
Resources
Twenty Years Since 9/11: Living With an Ever-Present Threat
It was 8:46 a.m. local time on September 11, 2001, when a hijacked American Airlines Boeing 767 was flown directly into the North Tower of the World Trade Center in New York City. By 10:03 a.m., hijacked planes had crashed into the World Trade Center South Tower and the Pentagon, Washington D.C. Hijackers on a fourth plane were overpowered by brave passengers, and it crashed in a field in Pennsylvania. Within days, the identities of the terrorists belonging to…
Non-damage Business Interruption Insurance: Learning From Paris in 2015
The hospitality industry worldwide is being battered – not by a physical force of nature like an earthquake or hurricane but by an “invisible” coronavirus, which causes no physical property damage. Projections show 2020 to be the worst year on record for hotel occupancy, even worse than during the Great Depression. Providing non-damage business interruption (NDBI) coverage explicitly for pandemics is a major challenge for insurers. Limited capacity is a…
Reviewing RMS Terrorism Frequency and 2021 Risk Outlook
For nearly 20 years RMS has offered solutions that empower effective management, monitoring, of terrorism exposure worldwide. One of the most controversial components of terrorism risk modeling is the estimation of attack frequency. Many risk managers consider models incapable of estimating the number of major terrorist attacks, as human actions are impossible to forecast. RMS considers frequency modeling to be not only possible, but necessary for managing…
RMS September Update: New HD Models for Europe, New Zealand, and the U.S. With Risk Modeler and New ExposureIQ for Richer Accumulation Management
After recently launching new High Definition Models™ during August, we are delighted to announce that clients using RMS® Risk Modeler™, powered by RMS Risk Intelligence™, now have access to three additional HD Models™ covering new perils and regions in Europe, New Zealand, and the U.S.: Europe Severe Convective Storm HD Models: Comprehensive coverage of all sources of loss including hail, straight-line winds, and tornado risk for 17 countries, comes with…
Terrorism Risk During the COVID-19 Pandemic
While countries across the world continue to tackle the global coronavirus pandemic, the terrorism threat landscape has seen changes. Networks of various ideologies have been looking to exploit insecurities around the virus, either to enhance their organization or to spread panic by advocating terrorist attacks. For counterterrorism practitioners surveilling the main threat actor groups, online propaganda messages have been posted by right-wing extremists …
Terrorism Risk for California Workers’ Compensation
The terrorism landscape has changed significantly since 9/11. There is a visible shift from large-scale attacks to a growing number of lone wolf attacks. Many believe there has not been a major terrorist event in the United States post 9/11, but one should not overlook the near-misses in the recent past which could have caused massive losses such as the 2016 New York-New Jersey bombings. The unpredictable and catastrophic nature of terrorism led to the…
Re-evaluating TRIA
At this year’s RMS Terrorism Risk Summit, we focused attention on the U.S. landscape. The main issue these days in terrorism insurance discussions relates to the Terrorism Risk Insurance Protection and Reauthorization Act (TRIPRA), which will expire at the end of December 2020 if not reauthorized. This important legislation is also known by other acronyms including TRIA (Terrorism Risk Insurance Act) and TRIP (Terrorism Risk Insurance Program). In discussing the…
Managing the Multifaceted Terrorism Threat: RMS Terrorism Risk Summit 2019
Despite the paucity of large-scale terrorism attacks in North America, the multifaceted terrorism threat in the U.S. continues to be a significant one that must be managed by the (re)insurance risk management industry,according to experts at this year’s RMS Terrorism Risk Summit. The theme for this year’s summit, held in New York on September 25, focused on the multifaceted terrorism threat landscape in the U.S. and how the…
Better Understand Your Terrorism Risks
