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Pool Re says the insurance sectors definition of terror is outdated

  • Publish Date: Posted over 7 years ago

Pool Re has said that the current definition of a terrorist attack used by insurers is outdated and needed to be revised. Julian Enoizi, CEO at Pool Re, raised the issue that in the case of some recent attacks participants were not members of any know organisation and as such don’t match the definitions of terrorism by many insurers. Enoizi said, "A lot of these guys are 'inspired by' and they are not a member of a terrorist organisation. The more this goes on the more there will be a look at what the difference is between terrorism and violent religious extremism. There's an argument we should reconsider the definition of terrorism."