Terrorism and business: a view from an insurance practitioner

It has been said that terrorism as a risk is uninsurable because it lacks a statistical basis for analysis and, fundamentally, is a man-made phenomenon. Adrian Lewers, a terrorism, political risk and credit underwriter at Lloyd's syndicate Beazley, discusses some of the factors that permit businesses and insurers to evaluate both the risk and threat of a terrorist event in the absence of pure statistical analysis.