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.
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)
Visit
https://www.transparency.gov.au/annual-reports/australian-reinsurance-pool-corporation/reporting-year/2019-20-13