Responding to the COVID-19 and pandemic protection gap in insurance:

The COVID-19 pandemic and the measures taken to limit the spread of the disease have significantly disrupted economic activity in countries around the world, resulting in significant business interruption losses. The vast majority of these losses are likely to be absorbed by policyholders as, unless...

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Bibliographic Details
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 2021
Series:OECD Policy Responses to Coronavirus (COVID-19)
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Online Access:Volltext
Summary:The COVID-19 pandemic and the measures taken to limit the spread of the disease have significantly disrupted economic activity in countries around the world, resulting in significant business interruption losses. The vast majority of these losses are likely to be absorbed by policyholders as, unless governments (or courts) intervene, few companies have business interruption coverage that is likely to respond to these types of losses - exposing the existence of an important protection gap for some pandemic-related business interruption losses. This note provides an overview of how business interruption insurance against pandemic risk could be provided with support from governments, and some of the challenges and considerations necessary for establishing such a programme
Physical Description:1 Online-Ressource (38 Seiten)
DOI:10.1787/35e74736-en

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