Terrorism & Enterprise Risk Management: Scenarios & Uncertainty

This PowerPoint report, presented by Robert Hartwig, president of the Insurance Information Institute, at the Enterprise Risk Management Symposium, discusses terrorism risk and reviews the terrorism insurance market six-and-one-half years after September 11. It notes that the absence of terrorist attacks since 2001 has helped to restore stability and confidence in the U.S. economy and commercial insurance markets but, ironically, means that that what we have learned since then is mostly academic, circumstantial or indirect. While hundreds of billions of dollars have been spent on national security, the spending has only had limited practical actuarial effect on the price or availability of terrorism-exposed lines of insurance. As a result, the report concludes, terrorism is nearly as uninsurable today as it was in the wake of September 11. The presentation also discusses the Terrorism Risk Insurance Act (TRIA), which it characterizes as “a runaway success."

The following presentation is called "Terrorism & Enterprise Risk Management: Scenarios & Uncertainty". It was presented by Dr. Robert P. Hartwig on April 15, 2008.

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