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Understanding the Cost of Terrorism: Informed Risk Management Decision Making
The immediate human impacts of a terrorist attack are clear, but the financial and operational disruption to both large and small businesses in the aftermath is often less understood. In this session, Pool Re – the UK’s largest terrorism (Re)Insurer and an Arm’s Length Body of Government – will demonstrate how these secondary impacts can be quantified to support informed, holistic risk decision making.
Attendees will gain insight into:
- Why a credible and current view of the terrorism threat is essential.
- The full spectrum of potential costs, from physical damage to business interruption, in the aftermath of an attack.
- How loss estimates can drive improvement to organisational resilience and inform investment prioritisation of finite resources for risk mitigation.
- The role of robust analysis in the assurance of risk financing and risk management decision making.
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