Terrorism and Political Violence
A global increase in political instability and social unrest has increased the possibility of disruption and loss to companies.
Chubb provides protection for multinational businesses who need insurance cover against loss through property damage or business interruption.
Chubb’s Terrorism and Political Violence offering has been designed to respond to the challenges of this complex and evolving risk landscape.
Aimed at multinational businesses, we offer comprehensive, market-leading cover through our global network for the full spectrum of terrorism and political violence perils.
For further information about our cover and services, including non-damage business interruption cover and our specialist risk-evaluation and data-analytics, contact a member of our team.
Product highlights:
- Offices in over 50 countries worldwide, enable us to offer a more informed and local understanding of terrorism risk
- Flexibility to handle customers’ specific requirements such as contingent business interruption
- A wide variety of innovative products and services
- The ability to provide package policies with other products
- Local policies which adhere to relevant local laws and regulations
- Cost efficiencies of single policy issuance prevents paying twice for overlapping cover
- Direct access and wrap around cover to compulsory pool arrangements worldwide
- Dedicated terrorism and aggregate management team
- Exclusive real time security analysis
Our global network of offices ensures clients benefit from our local knowledge. We provide:
- US $50m line placed on either primary, excess or full value basis
- Cohesive cover, with fully integrated property damage, business interruption, terrorism and political violence packaged policies
- Stand-alone terrorism or broad form political violence programmes including war and civil war
- Standard political violence packages tailored to meet your insurance needs
Dramatic increases in political instability and mass public demonstrations against governments are becoming increasingly more apparent. The possibility of disruption and loss in the wake of social unrest has become an urgent reality for insurance and risk managers.
The latter half of 2010 and early 2011 were especially marked by large scale anti-government protests, from student protests in the UK to austerity protests in Rome and mass protests across the North Africa and the Middle East.
Political violence in Bangkok and Cairo should cause every company with operations in emerging markets to re-evaluate the adequacy of their risk management strategies. The aim should be to ensure as broad a range of perils as possible are covered, to reduce any uncertainty and dependency on the classification of an event.
To ensure seamless cover between your clients' standard property and political violence exposures, we provide combined property, terrorism and war programmes. This ensures that you will have satisfied your clients' needs and that they will be protected against the impact of political violence and instability.
We have teamed up with Kennedys and IHS Markit to explore the increasing risk of global civil unrest and how the insurance market is evolving in response.
Comprehensive cover that protects you against the impact of political violence and instability. We offer one policy combining various property and terrorism coverages. Would you like to know more? Don’t hesitate and get in touch.
We are experts in terrorism insurance – and care about your business
Whether your business is big or small, takes you around the world or just around town, Chubb is there for you. Our breadth of experience in terrorism and political violence insurance means we can provide the guidance and service you need, whenever you need it, wherever you may be.
Partnership that’s personal
We work to understand your business and where you’re heading so we can be proactive about meeting your needs. We invest in getting to know you, your team and your customers. The goal: to help you see ahead, be ahead and stay ahead.
Creative problem-solving
Insurance isn’t one-size-fits-all – and neither is our approach. Our playbook is always evolving because we’re always helping clients avoid risk in smarter ways. That means we bring the latest thinking and a fresh perspective to solving your challenges.
Unmatched expertise and financial strength
We’ve served clients and partnered with leading organisations for more than 200 years. Our longevity, expertise and financial strength are the bedrock of our business.
