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Global terrorism reinsurance pools

Many foreign governments and insurance markets have introduced insurance pools with government participation. Some were created in response to the events of 9/11, while others were established in response to specific terrorist or war threats within each country.

Terrorism insurance pools are the global standard approach to providing cost effective reinsurance for terrorism catastrophe. There are 23 pools around the world offering similar arrangements. Terrorism reinsurance pools lists the international terrorism insurance pools in place today.

Terrorism reinsurance pools

Country

Terrorism reinsurance pool

Australia

Australian Reinsurance Pool Corporation (ARPC)

Austria

Österreichischer Versicherungspool zur Deckung von Terrorrisiken (The Austrian Terror Pool)

Bahrain

The Arab War Risks Insurance Syndicate (AWRIS)

Belgium

Terrorism Reinsurance & Insurance Pool (TRIP)

Denmark

Danish Terrorism Insurance Scheme

Finland

Finnish Terrorism Pool

France

Gestion de l’Assurance et de la Réassurance des risques Attentats et actes de Terrorisme (GAREAT)

Germany

Extremus Versicherungs-AG

Hong Kong-China

The Motor Insurance Bureau (MIB)

India

The General Insurance Corporation of India

Indonesia

Indonesian Terrorism Insurance Pool

Israel*

Terrorism (Intifada Risks) – The Victims of Hostile Actions

Namibia

Namibia Special Risks Insurance Association (NASRIA)

Netherlands

De Nederlandse Herverzekeringsmaatschappij voor Terrorismeschaden (NHT)

Northern Ireland

Criminal Damage Compensation Scheme Northern Ireland

Russia

Russian Anti-Terrorism Insurance Pool (RATIP)

South Africa

South African Special Risks Insurance Association (SASRIA)

Spain*

Consorcio de Compensacion de Seguros (CCS)

Sri Lanka

SRCC/Terrorism Fund-Government

Switzerland

Terrorism Reinsurance Facility

Taiwan

Taiwan Terrorism Insurance Pool

United Kingdom

Pool Reinsurance Company Limited (Pool Re)

United States

Terrorism Risk Insurance Program Reauthorization Act of 2020 (TRIPRA)

* Source: International Forum of Terrorism Risk Reinsurance Pools (IFTRIP)