Epidemic & Pandemic Insurance contracts less ambiguous in Asia, Says Peak Re Leader Hahn

Franz josef hahn chief executive officer of peak re sized 450

Aon has interviewed the Chief Executive Officer of reinsurer Peak Re, Franz-Josef Hahn, as part of its Virtual Reinsurance Renewal Season fireside chats.

Hosted by Dominic Christian, Global Chairman of Aon’s Reinsurance Solutions, Mr. Hahn said that the wording in pandemic insurance contracts written in Asia Pacific were often tighter than in more developed markets due to the region’s additional experience with contagious diseases.

“Specifically, when you look at COVID-19, this part of the world is going through its fifth epidemic this century, and this century is only 20 years old. There are much less problems on the wordings side in respect of pandemics in Asia,” he said.

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