We support brokers and underwriters to understand perils and their associated risks. Our delivery ranges from tactical support for an Insured’s asset, to strategic advice to a carrier wishing to develop new lines of business. Employing absolute discretion, our approach engages data, analytics, and Artificial Intelligence to further understanding and develop models.
Threat, Vulnerability, and Risk Assessment:
We develop an understanding of each client’s exposure to malicious risks, starting from first principles – identifying the capabilities and intent of their credible adversaries, measuring the vulnerabilities of the client’s assets, including their people, property, operations, information, and reputation, and considering countermeasures already in place. Bringing these elements together to build a risk landscape, we create credible worst-case scenarios, and generate bespoke risk mitigation strategies, in many cases working closely with the client to facilitate the next stage of their implementation.
Probable Maximum Loss (PML) Assessment:
To support PML assessments, we generate realistic disaster scenarios (RDS) across a spectrum of threats, taking into consideration the client’s specific risk profile and how events may unfold in practice. This can include blast zone accumulation and modelling to better quantify potential impacts and inform strategic decision-making.
Policy Wording and Risk Exclusion Review:
We review and advise on the clarity and effectiveness of policy wording in the context of applicable political violence threats. By identifying potential ambiguities or gaps in coverage, we can help our clients to ensure policies sufficiently reflect the intended coverage in line with their risk appetite and exposure.
Loss Estimation and Scenario Planning:
Realistic disaster scenarios (RDS) as part of probable maximum loss (PML) assessments are shaped by the client’s risk profile and operating environment and include blast zone modelling and accumulation data. The resulting insights help inform underwriting decisions, strategic planning, and risk mitigation efforts.
Data and Analytics:
We provide access to curated data and analytics on historical and potential political violence events globally. Where appropriate, we draw on our broader network of data, analytics, and technology partners to deliver refined insights drawn from a comprehensive depth and breadth of intelligence sources.
Regional Expertise:
Our in-depth knowledge of the global political landscape, cultural nuances, and historical trends can be leveraged to evaluate potential risks from war, terrorism, civil unrest, and other malicious activities, providing greater critical analysis and relevance to the specified environment.
Threat Modelling:
Customised threat models can be developed for specific projects or regions, identifying potential adversaries, capabilities, methodologies, and targets. These are focussed on the clients’ particular activities and vulnerabilities, helping to prioritise risks and guide protective measures.
Crisis Management Planning:
We work closely with clients to build practical and resilient crisis management frameworks, drawing together risk mitigation strategies including evacuation plans, communication protocols, and crisis response procedures, ensuring the business is well-prepared and able to act decisively.
Risk Mitigation Support:
We review clients’ existing risk mitigation measures, identifying opportunities for enhancement. Acting as a trusted advisor, we also support businesses in becoming intelligent customers when procuring security suppliers, ensuring solutions are both proportionate and effective and that appropriate governance is in place.
Training and Workshops:
Customised training workshops for underwriters can be designed to focus on the evolving nature of political violence, strikes, riots, and civil commotion (SRCC), CBRNE perils, or on specific crisis management techniques.
Response and Investigation:
Should a terrorism or political violence event occur, we assist with the initial response to claims, including on-site investigations, evidence gathering, and keeping a robust event log, providing holistic support with speed and sensitivity.
Negotiation and Settlement Support:
Our subject matter expertise has supported settlements with policyholders experiencing losses from political violence events, providing insight and confidence during what can be a challenging and time-sensitive period.
CBRNE (NCBR) Analysis:
Deep subject matter expertise in Chemical, Biological, Radiological, Nuclear, and Explosives (CBRNE) threats underpins our specialised analysis of the likelihood and impact of an incident or attack, including probable maximum loss assessments (PMLs).
Strategic Threat Analysis:
We can provide medium- and long-term analysis and forecasting of a range of malicious risks threat environments based on a thematic approach, such as by peril, threat actor, or location.
Thought Leadership and Conferences:
We offer thought leadership briefings or white papers on contemporary and emerging issues, such as detailed modelling of riots and civil commotion, in-depth analysis of changes in local or regional political stability, or new trends in malicious risks activity. As subject matter experts, we can contribute topical speeches and presentations at industry events and forums.
Supply Chain Disruption Analysis:
We can provide comprehensive analysis to understand the impact of political violence events on logistics, supply chains, and business operations, aiding in the claims assessment process.
