While more than 40 experimental COVID-19 vaccines are being tested on humans, the insurance companies with decades of experience in assessing the risks of clinical trials don’t see anything to be unduly concerned about.

Executives at insurer Allianz and brokers Gallagher and Marsh, among the leading players in clinical trials insurance, told Reuters that premiums had only marginally increased so far in the current pandemic

Natural disasters surge in past 20 years, likely to continue to wreak havoc: U.N.

Oct 12, 2020

China (577) and the United States (467) recorded the highest number of disaster events from 2000 to 2019, followed by India (321), the Philippines (304) and Indonesia (278), the U.N. said in a report issued the day before the International Day for Disaster Risk Reduction. Eight of the top 10 countries are in Asia.

Climate change poses ‘profound threat’ to global growth: IMF chief

Oct 12, 2020

IMF Managing Director Kristalina Georgieva told finance ministers meeting on climate change that countries should also ensure their stimulus funding aimed at halting the COVID-19 pandemic should target green investments.

Lloyd’s of London reviews insurance contracts due to COVID-19

Oct 12, 2020

“The insurance industry must urgently reassess how it can better serve and support its customers,” Lloyd’s Chief Executive John Neal said in a statement.
Lloyd’s recommendations for simpler products including insurers carrying out a “linguistics review” of policy documents, investing in new products such as parametric insurance which pay out immediately when specific triggers are hit, and involving customers in product design.

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