The 2016 Olympics are underway amid anxious insurers covering the Games in Rio. The International Olympic Committee (IOC) acquired approximately $1 billion in coverage for this event. The policy underwritten by Swiss Re and Munich Re, covers event cancellation due to a natural catastrophe, civil unrest, pandemic or terrorism. Terror coverage for the Olympic Village, which houses the athletes, has been underwritten in the London and international markets.

Control Risks says the terrorism threat in Rio is ‘low.’ And while crime and public safety are the most pressing concerns during the events, the Zika virus is the biggest public health threat.

 

 

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