Few emerging risks have activated insurers’ risk radars more than COVID-19. Indeed, in a number of areas, notably business interruption, COVID-19 is a risk that has already truly “emerged”. Insurers writing employers’ liability and public liability, however, have been keeping a weather eye on developments that might allow risks specific to workplaces, occupations or other settings to be quantified.
Writing for Insurance Day, Partner and Head of Occupational Disease Chris Fletcher, said: “…the insurance market will continue to keep Covid-19 infection claims and estimates of the potential size of the possible claims bubble (with associated incurred but not reported figures), firmly on their risk radars.”
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