Insurance

29 July 2015, Main hospitality insurance points from Marsh’s venerable 2015 Terrorism Risk Insurance Report

Marsh recently published its 2015 Terrorism Risk Insurance Report, one of the top yearly terrorism insurance reports. Its statistical highlights regarding the Hospitality and Gaming sector are as follows:

Terrorism Insurance Take-up Rates for Hospitality and Gaming
2014: 58%
2013: 60%
2012: 60%
(See figure 6)

Terrorism Insurance Pricing – Median Rates for Hospitality and Gaming (Rate per million)
2014: $32
2013: $22
2012: $41
(See figure 11)

Terrorism Insurance Pricing as a Percentage of Property Premium for Hospitality and Gaming
2014: 5%
2013: 3%
2012: 7%
(see figure 12)

Marsh says that: “Compared with rates in 2013, median property terrorism insurance premiums decreased or stayed the same in 2014” for sectors such as “energy and mining, public entity and nonprofit, and life sciences…”

Marsh also points out that: “Rates increased most significantly for media, hospitality and gaming, and construction organizations.”

Sources and further reading:

2015 Terrorism Risk Insurance Report

Copyright © Muir Analytics 2015