Events Industry: Insurance

(asked on 30th November 2021) - View Source

Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Digital, Culture, Media and Sport, how many organisers of live events have applied for coverage through the Live Events Reinsurance Scheme established by the Government since it was announced on 5 August 2021; and how many live events have been provided cover under that scheme to date.


Answered by
Julia Lopez Portrait
Julia Lopez
Minister of State (Department for Science, Innovation and Technology)
This question was answered on 7th December 2021

The Government recognises the important contribution that the Live Events sector makes to the UK’s culture and economy, and the significant challenges the Covid-19 pandemic has presented. The Live Events Reinsurance Scheme is designed to provide confidence to event organisers and enable them to plan future events, thereby supporting the economic recovery out of Covid-19.

The scheme is a reinsurance scheme whereby insurers provide cover to purchasers, and eligible policies are then reinsured under a reinsurance contract with the government - the terms of which are publicly available. As such the government does not receive applications to the scheme: policies are either eligible or ineligible. We cannot share specific operational data due to the commercial sensitivity of the information.

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