pandemic coverage News

EU Urged to Create Insurance Catastrophe Backstop for Pandemics, Huge Cyber Attacks

A European Union framework is needed to provide insurance cover for catastrophes such as pandemics and huge cyber attacks, the Federation of European Risk Management (FERMA) said on Tuesday. This would involve public-private partnerships and could cover events which hit …

Why Year-Long Ebola Outbreak Hasn’t Triggered Payout from Pandemic Insurance

World Bank funding instruments issued to help emerging countries swiftly tackle pandemics have come under the spotlight after the latest deadly Ebola outbreak has yet to trigger a payout. Following the 2013-2016 Ebola outbreak that ravaged Sierra Leone, Guinea and …

AXIS Healthcare Launches Pandemic Protection for Hospitals

AXIS Healthcare—the division of AXIS Insurance that provides professional liability insurance and associated standard casualty coverages for physician groups, hospitals, allied healthcare facilities and individual physicians—has launched a new medical catastrophe (contagion) business interruption product for hospitals. The coverage protects …