Terrorism risk is demonstrating to be a most important challenge as well as complicated for the insurance industry, society and also the government. Today, terrorism attacks are not only confined to any specific part of the world, but have attained a global status. Governments across the globe have implemented various strategic steps with respect to policies and laws connected to insurance of terrorism. India is also facing the issue of terrorism from past few decades and there is no exception as to cause of loss. This paper attempts to analyze ten growing necessity of terrorism insurance so as to mitigate risk spread across the Nation. Also, the paper makes an attempt to study the present terrorism insurance market as well as issues faced by Indian terrorism market risk pool. The researcher has adopted descriptive method for the study and analyzing the data.
|Number of pages||7|
|Journal||International Journal of Economic Research|
|Publication status||Published - 01-01-2017|
All Science Journal Classification (ASJC) codes
- Business, Management and Accounting(all)
- Economics, Econometrics and Finance(all)