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X-ORIGINAL-URL:https://events.aforeconsulting.eu/
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UID:MEC-c7635bfd99248a2cdef8249ef7bfbef4@events.aforeconsulting.eu
DTSTART:20201109T160000Z
DTEND:20201109T170000Z
DTSTAMP:20200907T131900Z
CREATED:20200907
LAST-MODIFIED:20201104
SUMMARY:Pandemic risk insurance: Need for a European response?
DESCRIPTION:Business interruptions triggered by administrative decisions in the wake of the COVID-19 pandemic have sparked debates across the world as to whether business interruption clauses in insurance contracts indeed apply to COVID-19 related lockdowns.\nBeyond the legal litigation, the pandemic has highlighted the urgent need for the public and private sectors to work in partnership in designing an accessible and widely encompassing pandemic risk insurance product.\nOver the last months, various initiatives have emerged, both on the regulatory and industry sides, to offer an initial blueprint of a private-public framework for a pandemic risk insurance. In July 2020, EIOPA highlighted options for developing shared resilience solutions for pandemic risk, and explores different insurance models and coverage. The French Government has recently consulted on the framework for a pandemic risk framework, with a view of passing legislation before the end of the year. In Germany, the insurance industry has proposed spreading the risks associated to pandemic insurance through bonds sold on the capital markets. The US Congress is also considering legislation for an insurance programme which would make business interruption insurance widely available, at a reduced cost.\nHowever, many points remain open for discussion, such the compulsory nature of pandemic insurance, cross-border situations, the scope of insurance (workers compensation and general liability insurance) and the pricing of risk.\nThis webinar will explore the need for developing a pandemic risk insurance product resilient to withstand future business interruptions linked to a pandemic, as well as the different roles public and private operators can play in shaping it.\nTopics of Discussions will include:\n\nHow to delineate the risk sharing between public authorities and industry;\nAre NatCat and terrorism insurance protections relevant starting points;\nWhether pandemic risk insurance should be made mandatory, and if so how can an efficient and effective market be created;\nWhether a European solution is desirable and how to achieve it.\n\n
URL:https://events.aforeconsulting.eu/events/pandemic-risk-insurance-need-for-a-european-response/
ORGANIZER;CN=Jean Plattard:MAILTO:Jean.Plattard@aforeconsulting.eu
CATEGORIES:In discussion with webinar
ATTACH;FMTTYPE=image/jpeg:https://events.aforeconsulting.eu/wp-content/uploads/2020/09/iStock-1204190256.jpg
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