White Paper: The changing face of terrorism
Implications of the evolving terrorism threat and how companies can assume a defensive posture
Following a spate of deadly terror attacks in France and a foiled plot in Belgium, the spotlight has once again been turned on the vulnerabilities of global business to the rising threat posed by terrorism.
Aon's Terrorism team, in collaboration with The Risk Advisory Group, has created this white paper that examines the evolving threat in Europe and North America.
The paper considers the new breed of jihadi terrorists and provides practical advice on the developing nature of exposures and how employers can respond to, and protect against, the rising threat.
Download The changing face of terrorism
Key findings from Aon's white paper on terrorism include:
- According to Terrorism Tracker, a collaborative project between Aon and The Risk Advisory Group, terrorism incidents affect businesses globally twice every day
- Bombings remain the most likely form of terrorist attack globally – accounting for 52% of terror incidents in 2014 – but armed attacks are becoming more common, accounting for 30% of global terrorism incidents in 2014
- Property is no longer the only exposure at risk from terror attacks. Civilian casualties are now the primary target, increasing the focus on liability and casualty exposures
- Retail and transport head the list of industries that were attacked by terrorists in 2014, with terror groups focusing on softer, civilian targets as opposed to the government, military or police
- In locations where there is an increase in local threat levels, employers should consider reviewing security and the training tools available to educate their people. Without preparation there remains the potential for liability and casualty claims in the event that the worst should happen
The white paper also provides a snapshot of a selection of state-backed terrorism pools and considers the protection afforded by both government and commercial market coverage.