44% Increase in terrorism attacks in 2013 – Terrorism insurance is critical

It has recently been reported by the Global Terrorism Index 2014 report that deaths from terrorism rose by 61% from the previous year in 2013. There were nearly 10 thousand terrorist attacks in 2013, which is a 44% increase from 2012. Iraq is the country that is the most impacted by terrorist attacks thanks to al-Qaeda and the Islamic State (ISIL or ISIS). A report from the Institute for Economics and Peace remarked that 18 thousand people died from terrorism related injuries in 2013. Syria and Iraq are fueling a dramatic increase in terrorism, but Boko Haram in Nigeria is also responsible for the global increase. Further destabilization in the Middle East will only increase the amount of terrorism in the world. Even Turkey and Mexico are experiencing higher rates of terrorism.

Terrorism across the world is being driven by religious, nationalistic and separatist movements that are attracting followers from the western world. Authorities are justifiably worried that citizens who have traveled abroad to join terrorist movements such as ISIS will then come back to wage terrorist battles back in their home countries – especially in Europe and the USA.

Expatriates are encouraged to obtain international insurance coverage that will cover civil strife, terrorism and even war if they will be traveling or posted to countries where such risks are present or possible. Unfortunately, terrorist attacks can occur almost anywhere. Expat Financial can work with individual expatriates and expat employers who are sending employees overseas to discuss their risk profile and find international insurance plans that will not exclude terrorism and war related claims for passive bystanders. War and Terrorism risk insurance is becoming a necessity for many international employers with employees posted overseas and Expat Financial can search the market for an international group insurance plan that will provide war risk coverage. Please contact us for more information.

Source:  Global Terrorism Database

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