Clyde & Co partners with risk management start-up

Clyde & Co partners with risk management start-up | Insurance Business

Clyde & Co partners with risk management start-up

Global insurance law firm Clyde & Co has announced a partnership with Assess Threat, a start-up that developed the Terrorism Risk Assessor (Tera) product.

Tera uses a combination of real-time and historical data to assess the exposure of any asset or location to terrorism and produces a detailed report of its findings, Clyde & Co said.

“This collaboration represents a significant venture into lawtech for the firm,” said Michael Tooma, Clyde & Co Australia managing partner. “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 minimize 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 Assess Threat CEO Aaron Tran. “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.”