The exceptional pressure on the pharma sector to find a drug that ends the COVID-19 crisis has created a race to identify effective treatments under unprecedented circumstances, further increasing the traditionally high risk involved in such undertakings.
The UK’s High Court has paved the way for insurers to appeal to the Supreme Court in the UK Financial Conduct Authority’s (FCA’s) business interruption (BI) test case. The move is set to delay the payment of BI claims related to COVID-19 but it is also likely to avoid any potential compromises that an agreement with insurers would otherwise inevitably have involved.
Residential aged care providers are experiencing difficulty in obtaining suitable insurance coverage since the COVID-19 virus outbreak, particularly due to the higher vulnerability of residents and the difficulty to protect them.
Heavy rainfall has caused floods that affected nearly 70 million Chinese citizens across 28 provinces this summer. While costs are likely to exceed $29 billion, according to estimates, only a fraction of the sum will be insured.
A growing number of investors believe that companies with strong environmental, social and governance (ESG) policies and responsible governance are more resilient and financially successful. The COVID-19 pandemic may be a case in point.
Insurers are reviewing their casualty underwriting strategy to account for the potential consequences of the COVID-19 pandemic amidst a general review of their market strategy.
The lockdown and social distancing requirements due to the Covid-19 pandemic are accelerating the deployment of new technology and the digitisation of the economy: Companies are rushing to introduce innovation they had planned to implement only at a later stage.
Construction projects rely deeply on the quality of the work delivered by contractors and subcontractors, whose insolvencies can severely impact a development and the insurance policies in place. Insurers are scrutinising construction projects more carefully also because the risk of insolvencies is on the rise.