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Global Terrorism Risk Model
The RMS® Global Terrorism Risk Model has been developed through the
compilation and analysis of an extensive catalog of terrorism events
worldwide. This catalog, to date, includes more than 10,000 events in 130
territories. In addition, the threats posed by more than 70 different
terrorist organizations have been assessed in detail. The
characteristics of terrorism in each country have been assessed, based
on the likelihood and severity of three classes of terrorism:
Micro-terrorism (small scale attacks), macro-terrorism (larger
destructive and mass-casualty attacks such as vehicle bombs), and
extreme loss events (spectacular attacks with multiple conventional
weapons or chemical, biological, radiological, or nuclear
agents).
The RMS terrorism modeling team has drawn on its extensive and highly
authoritative advisors network to develop and validate the worldwide
model. These advisors are the leading authorities in their field from
organizations including RAND; the Centre for the Study of Terrorism and
Political Violence (CSTPV), University of St. Andrews in Scotland; The
Institute of Defense & Strategic Studies (IDSS), Nanyang Technological
University, Singapore; and Jane’s Information Group.
The counter-terrorism environment in each country is graded according to
Jane’s Information Group sentinel security assessments specifically
carried out for RMS, incorporating
aspects such as Counter-terrorism Intelligence Capabilities, Frontier
Security, Legal Environment and International Cooperation. This grading
is used to assess the number of attempted attacks that are likely to
succeed and cause loss.
Model Scope
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Geographic scope: 228 countries and territories |
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Lines of business: property (building and contents) and business
interruption, injuries, and fatalities |
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Injuries and Fatalities at a country level |
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Comprehensive coverage of terrorist threat in all countries |
Exposure Data Resolution
Analyses can be done at Country or City Application Highlights
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Country curves for all countries and lines of business |
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Country parameters update |
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Import functionality |
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Multi-location analysis |
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Location parameters update |
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Policy attachment |
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Portfolio rollup |
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Catastrophe treaty attachment |
Location Specific Analysis One
of the main features of the Global Terrorism Risk Model is the ability
to model a location specific EP curve. The model allows the user to look
at specific attack modes and how their likelihoods and damage ratios
affect the EP curve for the location. Attack Modes
Considered
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