Terrorism Insurance Evaluation
Since 9/11 terrorism insurance for property and assets often has to be bought separately and organisations often have difficulty in identifying what levels of cover to purchase. Salamanca can help clients evaluate terrorism risk and identify probable maximum loss so that the client knows what level of cover is most suitable.
Case Study
A senior lending bank sponsoring the building of a gas power station in the Philippines wanted to ensure the underlying assets were sufficiently covered against terrorism risks. Salamanca deployed a consultant to carry out a threat and vulnerability assessment to identify plausible terrorist attack scenarios. The 'worst case scenario' was then combined with a specialist blast engineering report which calculated and quantified levels of damage and business interruption allowing the client to accurately calculate what levels of insurance were required.
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