Lloyd's proposes solutions for non-damage BI cover
The insurance market has revealed a number of frameworks to help tackle the coronavirus crisis as well as future systemic catastrophes.
Lloyd’s has published a number of ways the insurance industry could fast-track global economic and societal recovery from the far-reaching impacts of Covid-19.
The market has revealed three open source frameworks, which it said will help build future resilience through innovative partnerships and products together with a Centre of Excellence to better understand, model and provide insurance for systemic catastrophic events.
According to Lloyd’s, they were developed following interviews with
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