The attacks in London, Manchester and across continental Europe have made obvious the need to both expand the take-up of terrorism insurance cover as well as adapt the nature of coverage

Large-scale economic damage is now the principal goal of acts of terrorism. The insurance industry can do much more to ensure our economic stability in the aftermath of a terrorist attack

Terrorism threatens all types of businesses and those most vulnerable – such as SMEs – are least served by their property insurance insurance cover at present

Co-operation between the re/insurance sector and the government has a lengthy and successful history in the UK, proving itself as a means to address risks that may otherwise be uninsurable

The ethos of mutuality inherent in public private partnerships can lay the ground for a solution which balances the political and economic need for a disaster risk framework while ensuring that a domestic insurance industry can continue to function

The insurers will be central to the process of economic and commercial recovery in the aftermath of a terrorist incident, but the industry also has an important role in prevention