Global insurance broker Willis has developed a range of products that provide war risks and malicious risks coverage.
The products are designed to cover death or disability caused by activities such as war, hostilities (whether war is declared or not), terrorism, sabotage or riots.
Executive director of Willis's International Accident and Health division, Nicola Fraccalvieri, said: "We estimate that less than a third of all organisations which have some degree of exposure to war, terrorism and malicious acts have the appropriate coverage in place. In light of recent events ... we believe securing such coverage is no longer an option, it is essential."
