The insurance industry has been called on to respond to a protection gap around lone-wolf assaults, cyber attacks and other emerging terrorism tactics.

Unlocking new capacity, obtaining insights from academia and helping clients understand their risk portfolios are among solutions, reinsurance broker Guy Carpenter says.

“With the peril mutating rapidly, the entire insurance value chain is being challenged by new types of threats, new modes of attack and the terrorists’ deployment of any violent
and disruptive means to reach their desired end state. It is clear our industry will play an important role in shaping the response to this threat.”

State terrorism pools and the open market are key players in the next phase of protection for economies and individuals, Guy Carpenter says.