Political violence risks are in a constant state of flux. Never before have the lines between acts of protest, terrorism and war been so blurred.
Political violence insurance and terrorism insurance span a broad spectrum of risk, from a single act of state belligerence to the outbreak of war. This can be anything from random ‘lone wolf’ assaults to a terrorist group’s militant campaign across borders; from protesters on the streets to the overthrow of a government.
This ever changing global security landscape can make it difficult to understand, control and mitigate risks. In order to secure commercial opportunity in the face of these risks, partnering with the right broker is paramount.
Our diverse, global and creative team of specialists works as your agent and problem solver to overcome concerns or challenges, and work out a strategy to leverage your business volumes. We find opportunities where others see challenges.
We believe insurance contributes to the growth of your business as well as providing crucial protection in unstable circumstances.
WHAT WE DO
Our commitment to developing the right solution for each client is at the core of what makes us different.
We can offer insurance cover to protect a host of political violence risks including:
Our analytics team enables us to better define a client’s exposure, enabling us to custom-build insurance wordings.
What information is required to go to the market to consider initial discussions for terrorism and political violence insurance?
We can provide you a proposal form to complete which we can then use to discuss with insurers.
Generally the key information we require is as follows:
- Location details (either address or coordinates) of the assets requiring insurance coverage
- Breakdown of the property value and associated business interruption value per asset location
- Description of business operations or asset type
- Security details
- Details of Insured parties
- Details of any claims or incidents or threats involving the assets
- Policy specifications if known (Limit of Liability, Excess / Deductibles etc)
Clients wishing to purchase insurance for security risks need to ensure that they select a broker with the relevant skills, knowledge and expertise in their business sector. We believe insurance contributes to the growth of your business as well as providing crucial protection in challenging circumstances.
We find opportunities, where others see challenges. Our entrepreneurial culture and exclusive analytical ability helps clients to identify and realise opportunity in volatility. Here’s what makes us different:
We pride ourselves on being accessible across all time zones. By the very nature of these insurances, we understand the great time-sensitivities involved
Given the sensitivity and complexity for security-related claims, we advocate integrity, efficiency and confidentiality
We have the tenacity and desire to disrupt the market status quo and drive the insurance market forward with cutting-edge solutions. We pride ourselves in being seen as market leaders
We have a dedicated team of specialists around the world, focused solely on security risks, so you know you will always receive expert advice and support
Our long-standing relationships with the specialist insurers in this field means that our market leverage for seeking alternative structures to ensure the most competitive and holistic coverage is available to you. We set the trends, not just follow them
Our proprietary risk platforms and knowledge hubs are unique to the insurance market and can deliver you with critical risk insights
Our brokers draw on our in-house analysts’ expertise to identify current risk trends and forecasted risk developments globally that may impact you or your business.
Market advantage: the JLT facility
We believe that all clients, regardless of size, deserve to receive the advantages that the insurance market can provide. We do not outsource our services, all clients are managed in-house.
With this in mind, we set up a terrorism and political violence facility. All clients purchasing political violence cover, with up to a USD 400 million policy limit will receive a host of benefits from JLT. All risks will be modelled for PML by Sunstone and insurers will bid for the client’s risk via a competitive quoting system to push down premium prices. We do not outsource service; all clients will be managed in-house. Clients will also benefit from having access to one of the broadest policy wordings and coverage available.
The facility delivers market leverage to clients of all sizes and from all industries. It levels the playing field and ensures that each client receives the best of what the market can offer.
Wordings can also be arranged to ‘wrap around’ the existing property or liability covers and government pool schemes if appropriate, ensuring seamless, comprehensive cover. We design products that can include:
We deliver results. We deploy all resources to help resolve complex losses and deliver claim payments. Our track record is unblemished.
Our clients have confidence that the insurance policies we arrange for them are expertly structured and written by experienced insurers with strong track records in paying claims. Our approachable brokers work alongside our meticulous CPS claims professionals who specialise in handling, managing and negotiating claims.
In the unfortunate event of a loss:
You would have a single point of contact with overall accountability for all losses wherever they occur
Our proactive claims handling process would help maximise your recovery under your programme, while minimising the intrusion and interference to your on-going operations
We would leverage our strong relationships with the major leaders, loss adjusters and lawyers to help expedite the claims process
You would have access to our sophisticated pre-loss consulting and effective post-loss recovery services.
Our starting point when structuring a new policy is to precisely understand your needs.
Our brokers sit alongside a team of risk analysts drawn from security, technical and academic backgrounds. Their substantial knowledge is utilised to help us understand the precise nature of your risk profile, thereby assisting us in determining the right insurance solution for your requirements.
Using ground-breaking modelling and rating tools, such as Sunstone and World Risk Review, our analysts can pinpoint risks, map exposures, analyse the risk triggers, and evaluate probable maximum loss (PML) ratios across a portfolio of assets.