The Evolution of Terrorism Risk Modeling
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- Insurance
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- Finance,
- Strategy,
- Risk Management Solutions,
- Risk Management,
- Modeling,
- Management,
- Homeland Security,
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- Risk Management Solutions
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Overview: To anticipate rare acts of terrorism, beyond the experience of even the most seasoned underwriter, the judgment of external terrorism experts might be invoked. Terrorism risk management would still be largely qualitative, with underwriting being supported by the greater knowledge and perception of terrorism experts as to the intent and capability of the terrorists. For organizations, such as the IRA, whose acts of terror were politically restrained, this qualitative risk management approach might suffice, but for Al Qaeda, whose threats of violence acknowledge no such political or moral restraint, a more formal analytical methodology is demanded.
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Format: PDF | Size: 32KB | Date: Apr 2003 | Pages: 9
