RMS, Jane's Information Group: Global Terrorism Activity Doubled Last Year

Claims News Service, Oct. 12, 11:20 a.m. EDT — Risk Management Solutions (RMS) today announced the launch of a Terrorism and Security Risk Manager online service, a new information source for insurers writing global terrorism risk. The service is provided in collaboration with Jane’s Information Group, the leading independent provider of defense and security information, and is linked to the RMS Global Terrorism Risk Model to provide up-to-date information on terrorism activity for insurers to use in their analysis of terrorism risk around the world.

The data now available in the information service provides the clearest picture ever established of the growing activity rates of global terrorism. Terrorism activity increased for the third consecutive year in 2005, following a decrease in 2002 after the initial military phase of the global war on terror and the removal of the Taliban government in Afghanistan. In the past twelve months, the number of “macro” terrorism attacks (car bombs or worse) worldwide has more than doubled from the previous year. This excludes Iraq, where the insurgency has increased to a rate averaging more than two damaging attacks a day during 2005. Terrorism activity continues to spread to more countries, with macro attacks occurring in more than 30 territories last year, compared to 20 the year before. In the past eight years, 76 countries have experienced some form of a macro terrorism attack.