Covid-19: Mactavish calls on government to help insurers through crisis
Consultancy warns coronavirus impact on insurers will lead to dramatically rising premiums and exits from business classes as it urges the government to look at a range of measures including temporarily suspending IPT.
Mactavish has urged the government to consider introducing coronavirus emergency measures to support insurers in order to ensure they can still offer affordable cover for struggling businesses.
The insurance consultancy welcomed the government’s announcement from yesterday (17 March) that it would roll-out a series of measures to help protect the economy as Covid-19 continues to spread.
However, the company called on the government to also consider the following measures:
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