Contingent BI fallout presents opportunities for new products – Swiss Re

By Insurance Times 2020-12-04T13:44:00

Property and casualty market head says this could be ‘a very valuable product’ moving forward

Contingent business interruption (BI) products, “which [have not] really been an offering from the insurance industry” so far, could become “a very valuable product” if the insurance and reinsurance industry can capitalise on the coronavirus-linked BI fallout to create new propositions.

This is according to reinsurer Swiss Re’s market head for property and casualty in the UK and Ireland, Simon Welton.

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