
- To support government-insurer discussions on how to close the protection gap for business interruption risk in the case of a pandemic, The Geneva Association has released Public-Private Solutions to Pandemic Risk, outlining four possible government-led schemes: 1) direct insurance, 2) reinsurance, 3) social insurance and 4) post-event protection.
- The first report in this series, An Investigation into the Insurability of Pandemic Risk, revealed that business interruption risk is uninsurable by insurers alone: compared to projected global output losses of more than USD 4 trillion for 2020 due to the pandemic, the global P&C insurance industry collects USD 1.6 trillion in annual premiums, with just an estimated USD 30 billion for business interruption policies.
- Capital at risk makes it impossible for private insurers to offer meaningful pandemic business interruption coverage, but they can make important non-risk bearing contributions that leverage their expertise in risk assessment, risk mitigation and claims management.

















