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    Group Group Presentation Transcript

    • Dedicated To Our Loving Parents and Teacher’s
    • Group Member’s Sana Suleman Sana Arshad Asma Afzal Memoona Imtiaz
    • Topic:Changing Trends of Risk Management after 9/11
    • Outline:What is Risk? What is Risk Management World Trade center & 9/11 Risk Management Trend before 9/11 Risk Management Trends after 9/11
    • 9/11/2001 All the policies & Trends regarding risk management were changed.
    • Economic effects arising from the September 11 attacks…. Economic Sector Airline and Aviation Tourism Agriculture & Food Security Financial Markets Geographical Situation changed
    • Effects on insurance industry: The 9/11 attacks resulted in one of the largest insurance losses in history.
    • Risk Management Before 9/11
    • No Coverage for terrorism by Insurance Industry before … 9/11…
    • Risk management after 9/11…..
    • Passing of Terrorism Risk Insurance Act(TRIA) 2002
    • Another MAJOR change arising from the 9/11 attacks concerned fire coverage. .
    • Catastrophic Bonds