Trade-offs are needed to create pandemic policy, says Liiba

Chris Croft Liiba

Losses arising from the pandemic are too big to be covered by the insurance industry, which is why a public backstop is needed, according to Christopher Croft, CEO of the London & International Insurance Brokers’ Association (Liiba).

However, he stated that a series of trade-offs are needed to create a solution capable of responding to future pandemics.

Addressing members of South Africa’s Financial Intermediaries Association online on 27 August, Croft said: “In the UK, annual turnover of SME

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