Clyde & Co in exclusive team-up with risk management startup

Clyde & Co in exclusive team-up with risk management startup | Insurance Business

Clyde & Co in exclusive team-up with risk management startup

Specialist insurance law firm Clyde & Co has become the exclusive legal partner of startup company, Assess Threat, which has developed a Terrorism Risk Assessor (Tera) product.

Tera uses a combination of real-time and historical data to assess the exposure and vulnerability of any asset or geographical location to terrorism, and then automatically produces a detailed report of its findings.

“The collaboration represents a significant venture into lawtech for the firm,” said Michael Tooma, Australia managing partner at Clyde & Co. “We are among the few practices globally which advises clients on terrorism issues. This unique client solution will build business resilience in an era of global volatility. One major incident on one side of the world, can have consequences for clients on the other side of the world. This product is about using AI solutions to build resilience to global shocks and minimise disruption.”

"This is an important step towards enhancing awareness and building resilience more broadly across society as a whole, which is critical when dealing with complex threats such as terrorism" said Aaron Tran, CEO of Assess Threat. "We’ve always been impressed with Clyde & Co’s thought leadership on terrorism issues. Our collaboration with Clyde & Co will allow us to reach a global audience and further drive the development of innovative solutions for public safety.”