Insurance Policy
Overview
Crime & Terrorism Insurance
This is considered to be a particularly problematic product for insurance companies as the joint factors of location, occupation, uncertainty and potentially huge losses mean that probability of an attack is not only very difficult to forecast, but the potential liability highly complex to compute. The result therefore can be a “premium overkill' that often does not justify the true risk level of the client.
This predicament however, is not limited to large scale attacks on nations and economies, it also relates to 'low impact' attacks – such as 'kidnap and ransom' incidents – which are particularly relevant to international corporations and vulnerable individuals.
Policy Tools
Alcyon, with the assistance and close guidance of international insurance experts, has developed a unique and proven terrorism & crime risk insurance methodology that provides both a quantitative & qualitative tools for insurance policy purposes which can reduce risks and save corporations significant insurance-related expenses.
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