Webinar description
COVID-19 has sparked a widespread debate on the role of insurers in shouldering losses related to pandemics. In addition to the sickness-related impacts of the virus, government-imposed lockdowns have been enormously detrimental to businesses. Insurers are promptly paying all legitimate claims, but COVID-19 has revealed gaps in coverage and the need to explore feasible protection solutions.
The Geneva Association’s new study, An Investigation into the Insurability of Pandemic Risk, sheds new light on a number of previously unanswered questions:
- What are the protection gaps in the areas of business interruption, health and mortality?
- How much capacity do insurers have to absorb related losses and help close these gaps?
- Which criteria determine whether a risk is insurable?
- How do the characteristics of pandemics – and their level of insurability – compare to other catastrophic risks?
The report on which this discussion is based lays the groundwork for The Geneva Association’s next report on pandemics and insurance, Public- and Private-Sector Solutions to Pandemic Risk, to be published later in 2020.
