The FINANCIAL – Because of the coronavirus outbreak there is a sharp increase in travel insurance sales across the industry. Some companies are stopping to sell travel insurance. The coronavirus outbreak is likely to have a bigger effect on the world economy than the outbreak of Severe Acute Respiratory Syndrome (SARS). Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy – a sharp rise in payouts at a time of big investment losses. Because epidemics are excluded from many business insurance policies, the early prognosis was for…
Read More »
