The Association of British Insurers (ABI) said on Saturday insurers are likely to pay up to 2.5 billion pounds ($3.50 billion) for UK’s COVID-19 insurance claims incurred in 2020. The latest estimates include 2 billion pounds for COVID-19 business interruption claims and 500 million pounds for COVID-19 related protection insurance claims, travel insurance claims and… Continue reading UK Insurers Estimate to Pay Up to GBP2.5 for Coronavirus Claims
Tag: ABI
UK Government Forms Reinsurance Backstop for Continued Access to Trade Credit Insurance by Businesses
The Association of British Insurers (ABI) welcomes the UK Government’s announcement of a temporary, government-backed reinsurance scheme to help businesses access trade credit insurance as they recover from the impacts of Covid-19. The scheme aims to help speed up the economic recovery, by ensuring the continued availability of trade credit insurance in the face of… Continue reading UK Government Forms Reinsurance Backstop for Continued Access to Trade Credit Insurance by Businesses