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Terror attacks prompt changes in insurance

8th August 2016

The recent terrorist attacks in Paris, Nice and Brussels will prompt big changes in insurance demand, according to KPMG.

Research to be published by the consultancy this week will show that demand for political risk insurance is set to grow strongly over the next three years. The types of risk clients face are changing, however.

“There is a shift in the nature of terror,” says KPMG partner Paul Merrey in London. “In the 1990s it was about property damage. The incidents we’re seeing now are about maximising casualties.”

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