Lloyd’s calls for industry and government collaboration to mitigate future systemic risks post-Covid19

2020-07-01T07:19:00

Lloyd’s of London is calling for close collaboration between insurers, brokers, customers, the global industry and government in designing cover for future systemic risks, which it says are complex.

With the pandemic presenting what Lloyd’s refers to as a “humanitarian crisis” and one that the world was unprepared for, it stressed that one sector cannot shoulder all the risk with the impact being “too wide ranging”. Nevertheless, it said that solutions are required.

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