Pool Re revamps SME cover to increase penetration

Pool Re has rejigged its reinsurance offer for its members to help
close a protection gap for political violence cover among small and
medium-sized enterprises (SMEs).
The UK state terrorism insurance pool has made key changes to
its underwriting manual, which, as reported by this publication
last month, also remove an exclusion for physical damage caused by
cyber-attacks as from 1 April.
The revisions are designed to make the rates on SME business
much more competitive, particularly outside maj