Terrorism Insurance

The OECD Insurance Committee has been mandated by OECD ministers to develop policy analysis and recommendations on :

• the definition of terrorism risks;
• the coverage of terrorism risks with an assessment of the respective role of the insurance industry, financial markets and governments;
• the special case of mega-terrorism.

To this end, a task force and an electronic discussion groups were set up gathering high-level public and private experts. This project was finalised at the beginning of July 2005, with the publication of Terrorism Risk Insurance in OECD countries.