bs-preloader__icon
ru kz en

UK insurers are to pay £2.5bn on Covid-19 risk

The 2020 Covid-19 risk claims received by UK insurance companies are valued at £2.5bn, and the amount on business interruption risk is £2bn.
UK insurers are to pay £2.5bn on Covid-19 risk

The Internet resource UkrStrakhovanie has learnt this from the report by Association of British Insurers (ABI), which also indicates that the amount of settled claims for the Covid-19 risk is 204 million pounds, including payments under life and health insurance contracts.

British insurers are preparing to pay out 152 million pounds on travel insurance contracts and 121 million pounds – on risk of abandonment of events.

In his comments on the ABI report, the CEO Hugh Evans said: “ABI has collected the data from different companies in mid to late January, and millions of pounds are being paid every week as part of claims settlement.” According to him, the pandemic has exposed existing gaps in coverage. “We need to learn from this unprecedented event and redouble our efforts to increase consumer trust in insurance products,” he said.

Source: https://www.ukrstrahovanie.com.ua/news/strahovshhikam-velikobritanii-predstoit-vyplatit-25-mlrd-funtov-po-risku-covid-19

Photos are from open sources.

Share
read also
Lloyd`s Announced Insurers’ Loss From the Coronavirus
Lloyd`s Announced Insurers’ Loss From the Coronavirus

According to estimates of the world's largest insurance market Lloyd`s of London, the...

Singapore authorities accepted obligations on disability insurance and care
Singapore authorities accepted obligations on disability insurance and care

As of 2020, a new scheme of compulsory state insurance CareShield Life starts for all...

Why do we need to insure life?
Why do we need to insure life?

You can gain confidence in yourself and in your future only by fully taking responsib...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application