Chubb launches terrorism risk service for multinational businesses

Chubb launches terrorism risk service for multinational businesses | Insurance Business

Chubb launches terrorism risk service for multinational businesses

Chubb has announced the launch of a new service for multinational companies and large middle-market businesses. Chubb’s new Terrorism Risk Evaluation Services combines the company’s terrorism and political violence (PV) underwriting, risk engineering, global security, catastrophe modeling and digital expertise.

Terrorism Risk Evaluation Services was developed after Chubb received feedback from corporate customers who wanted to better understand terrorism and PV exposures, the company said. Through the offering, Chubb aligns its expertise and data across a series of specialist areas.

First, a Chubb risk engineer assesses a client’s key locations using a staged process of risk identification, protective security and risk mitigation, which is then combined with mobile risk analytics.

“The threat of terrorism and political violence around the world is an issue which companies need to consider, both for the safety of their employees and customers, and also to ensure business continuity whenever possible,” said Piers Gregory, head of terrorism and political violence at Chubb. “Chubb’s multinational customers use facilities in many different countries, and the expert insights and analysis provided by our new Terrorism Risk Evaluation Services can help provide them with an accurate assessment of the risk exposures of their buildings and other premises, wherever they might be.”