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Terrorism Risk Pools

Essay specific features

 

Issue:

Science

 

Written by:

Stephnie G

 

Date added:

August 17, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 435

 

Was viewed:

6468 times

 

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Essay content:

The early establishment of such an institution was closely related to separation forces within Spain which subsequently caused various acts of terrorism and civil unrest / riots. The South African Special Risks Insurance Association (SASRIA) was created in order to insure or reinsure against losses or damage to property directly related or caused by any act directed to overthrow the government by means of fear, terrorism or violence...
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The reason for this early establishment (1979) is again closely related to inner political and social facts. As South Africa was facing a difficult political and social situation at this time, insurance or reinsurance covering such risks had to be created. Another terrorism risk has been set up in 1993 by the UK government and the insurance industry in order to offer coverage for damage caused by acts of terrorism to commercial property in Great Britain...
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