AIR+22 Apr 2021

Governments must be 'insurers of last resort' in pandemic risks

| 22 Apr 2021

COVID-19 has shown that pandemic-related business interruption (BI) is directly linked to the decisions of governments to implement lockdown measures, making it impossible for insurers to model and price such a risk. As such, BI risk is uninsurable by insurers alone, said a report from the Geneva Association.

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