While the total of terror attacks has declined on a global basis, the number of incidents remains at historic highs and insurers need to continue monitoring situations to better understand risk, says Guy Carpenter.
In its continuing series GC Capital Ideas, the reinsurance broker says that based on figures released by the National Counterterrorism Center, there has been a general decline in the number of terror attacks over the past five years from their peak of 14,400 in 2006. According to the NCTC, there were over 10,000 terrorist attacks in 2011 resulting in over 12,500 deaths.
However, when viewed over an eight year period, 2004, when the NCTC began collecting data, to 2011, the levels today remain historically high.
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