As the global threat of terror attacks remains heightened following a series of high-profile events in 2015, PCS has been working closely with sister company Verisk Maplecroft to establish a parametric-style trigger for terror ILWs, the firm said. “And it’s become somewhat common for them subsequently to lay of the global terror risk to be left with, essentially, the book of business they wanted,” explains PCS. “The need for a single, cohesive, and consistent trigger for global terror ILWs has become incredibly important. The data available to PCS from its sister company Verisk Maplecroft’s global terrorism database and the Verisk Maplecroft Terrorism Risk Index (TRI), which assesses the sub-national-level risk of terrorism on a normalised 0-10 scale down to 1 km2 worldwide, is comprehensive and dates back to 2004. “Further, one could specify an event duration of a certain number of days (30, for example) based on the Verisk Maplecroft event bulletin.