Covid-19: Biba backs Pandemic Re solution for future pandemics
Executive director Graeme Trudgill urges sector to look at a long-term solution as he highlights that the industry does not have enough money to cover claims arising from the coronavirus crisis.
Graeme Trudgill, executive director at the British Insurance Brokers’ Association (Biba) has called on the industry and government to look at a long-term solution to the Covid-19 pandemic.
In a webinar hosted by insurance law firm Weightmans on 7 May, Trudgill stated that the industry had not capitalised for the pandemic and therefore could not cover all of the losses arising from it.
He continued: “The global cost will be in the trillions and the insurance industry doesn’t have that much
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