Frequently Asked Questions

COVERAGE UP TO €1 BILLION

Why is terrorism coverage limited to €1 billion for ASBL/VZW TRIP members?

Since 9/11, it has become clear that terrorism can have consequences so huge as to be incalculable. First of all, obviously, for the victims and their relatives, friends, colleagues, etc.. However, terrorism can also cause immense economic damage, much of which is borne by insurance companies.
No one knows how often terrorist acts will occur and what the consequences will be. As a result, insurers incur great financial risks by offering coverage against terrorism. Only by jointly bearing the cost of compensation and limiting the compensation paid out are insurers able to continue providing such coverage.

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ASBL/VZW TRIP - Terrorism Reinsurance & Insurance Pool - de Meeûssquare / Square de Meeûs, 29 - 1000 Brussels - Belgium Privacy Notice TRIP - March 2020