Most COVID‐19-related claims and associated litigation have focused on first-party losses related to business interruption. By comparison, third-party claims in liability lines have thus far been relatively limited. As emergency restrictions and policy support are withdrawn or expire, vaccines slowly roll out and employees return to work, however, industry practitioners are steeling themselves for potential liability claims, as well as possible exposure from chronic conditions such as ‘long COVID’.
Against this backdrop, the conference aims to explore the long‐term lessons for liability insurers from the COVID-19 pandemic so that they can better position themselves to deal with such events in future. This includes how to think about (fat) tail risks like pandemics and the underwriting implications of likely shifts in working practices, building/transport design and liability standards, given the heightened recognition of such uncertainties.
The 2021 conference took place in London on 27–28 October, kindly hosted by Lloyd’s.