Greater focus on concussion injuries has led to an increase in exclusions in the sports personal accident market, according to an article published today in Insurance Day.
In many ways, the issue of concussion represents new territory for the insurance market in the UK and Europe. BLM partner David Spencer believes that “from a claims perspective, it is the apparent inconsistency of application and enforcement of those rules and guidelines around concussion - even at an international level - that drive insurers’ concern of the potential future exposure.”
However, the improvements in sports medicine and the advances in related technologies over the past 10 years has been a significant factor in the increase in the market’s appetite for dangerous sports personal accident risks. David’s view is that such improvements “may generally lead to better levels of injury prevention, and where there is injury, we now have better assessment, treatment and rehabilitation. That provides the potential for shorter recovery periods and longer careers…”
Click here to read the article in full (subscription required).