Introduction of Innovative Active Assailant Insurance by IQUW
In a strategic partnership with Crisis24, a renowned crisis management specialist, IQUW has unveiled an advanced Active Assailant insurance product. This offering is meticulously crafted to extend coverage for violent attacks initiated by individuals or groups using weapons such as firearms, melee weapons, vehicles, or drones, with the intent to cause harm, injury, death, or destruction of property.
Distinction from Traditional Coverage Options
Unlike conventional Terrorism insurance policies, which necessitate the establishment of political, religious, or ideological motives for claims to be valid, Active Assailant insurance broadens its scope. It particularly addresses attacks where the assailant’s motives may be ambiguous, making it highly pertinent in today’s global threat landscape.
Rising Need for Active Assailant Coverage
The urgency for such coverage is underscored by a dramatic 43% increase in mass shooting incidents in the United States over the past decade. Meanwhile, Europe is experiencing a surge in lone-actor violent extremism, where deciphering motives is often complex. Consequently, having Active Assailant coverage is becoming essential for businesses aiming to safeguard their workforce and clientele both financially and emotionally.
- Targeted Sectors for Insurance
- Commercial and Residential Properties
- Religious Organizations
- Healthcare and Educational Institutions
- Events and Local Governments
Enhanced Support through Crisis24 Partnership
With the expertise of Kate Hughes, Underwriter for Terrorism, Political Violence & War, IQUW’s Active Assailant insurance is tailored to a diverse array of sectors. The collaboration with Crisis24 bolsters this insurance offering, providing clients with access to an unparalleled team of private sector intelligence analysts ready to deliver immediate and expert crisis response support.
“The threat posed by active assailant incidents is a significant concern for businesses, particularly in the United States, where shooter incidents have escalated dramatically. Many of these incidents fall outside the purview of All Risk or General Liability policies, leaving businesses exposed,” stated Hughes.
“IQUW’s Active Assailant insurance fills this critical coverage gap. We have developed a robust probabilistic framework that leverages historical data for informed modeling, ensuring comprehensive coverage tailored to meet the specific needs of businesses.”
Dan Callow, IQUW’s Lead Underwriter for Terrorism, Political Violence & War, remarked, “By integrating Crisis24’s crisis response expertise with Kate’s underwriting proficiency, IQUW demonstrates its capability to identify coverage gaps swiftly and develop straightforward solutions to support brokers and their clients effectively.”
