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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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