Pool Re video introducing their Vulnerability Self-Assessment Tool - VSAT
The Vulnerability Self-Assessment Tool (VSAT®) is a simple easy to use platform. It has recently undergone a range of improvements, following user testing, to help businesses self-assess their security risk management in line with UK Government best practice; as suggested by the Government’s leading protective Security Agencies.
The tool is available for use (free of charge) to those Policyholders whose portfolios aggregate to a Material/Property Damage declared value sum insured of £50m or above, and do not consist primarily of domestic properties.
Aimed at medium and large businesses, the VSAT tool can enable Pool Re Member insurers to offer a 7.5 percent premium discount to policyholders.
If you would like to talk to Pool Re about their VSAT proposition CLICK HERE, leave a message and youTalk-insurance will pass your enquiry on
Pool Re’s purpose is to enable the UK insurance market to offer terrorism cover to any commercial property that requires it. Central to this is the integration of Pool Re’s cover with the underlying property policy which ensures that there is no gap in the cover provided.
Pool Re was designed to insulate the taxpayer from potential financial losses arising from acts of terrorism. It has achieved this effectively, to date paying £635m in respect of 13 claims arising from certified terrorism events in the UK since our establishment. It has never called on the Government’s guarantee.
By providing foundational stability at a reinsurance level, Pool Re has created an environment for the commercial market to re-establish itself, following the market failure in 1992. This stability creates and sustains access, liquidity and confidence to generate the conditions for the private market to gradually write a growing portion of terrorism risk.
Helping UK businesses build resilience against terrorism risk is a priority for Pool Re who have developed SOLUTIONS an in-house centre of excellence created to support Members and policyholders better understand risk awareness, modelling, and management. They have also invested in a range of initiatives with Government security and intelligence agencies to provide tools such as an information sharing platform.
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