Pool Re, Cranfield University and Guy Carpenter are developing the UK’s first terrorism risk model to include the potential impact of a chemical, biological, radiological or nuclear (CBRN) attack.
Julian Enoizi, chief executive of Pool Re, explained: “Major strands of our modernisation programme have been concerned with the introduction of more risk reflective pricing and an improved understanding of the exposures faced by both the insurance community and the broader UK business community in the face of a changing terrorism threat.”
“This important partnership will develop a risk model that helps us in both of these areas.”
Nick Frankland, CEO of Europe Middle East and Africa operations at Guy Carpenter, added: "We are delighted to be recognised as the natural partner in the development of such a ground-breaking model with Pool Re and Cranfield University.”
