Journal of Terrorism and Cyber Insurance

At the RMS blog, we learn they are “Launching a New Journal for Terrorism and Cyber Insurance:”

Natural hazard science is commonly studied at college, and to some level in the insurance industry’s further education and training courses. But this is not the case with terrorism risk. Even if insurance professionals learn about terrorism in the course of their daily business, as they move into other positions, their successors may begin with hardly any technical familiarity with terrorism risk. It is not surprising therefore that, even fifteen years after 9/11, knowledge and understanding of terrorism insurance risk modeling across the industry is still relatively low.

There is no shortage of literature on terrorism, but much has a qualitative geopolitical and international relations focus, and little is directly relevant to terrorism insurance underwriting or risk management.

This is particularly exciting as Gordon Woo was recommended to me as the person to read on insurance math in new fields. His Calculating Catastrophe is comprehensive and deep.

It will be interesting to see who they bring aboard to complement the very strong terrorism risk team on the cyber side.