Terrorism: Insurance
(asked on 13th July 2020) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government whether they have any plans to use Pool Re’s model of terrorism (re)insurance to provide cover for other systemic events that could impact the economy.
This question was answered on 22nd July 2020
Ideally all firms would be able to purchase the insurance products they need on a market basis, but the Government recognises that in some exceptional circumstances that may not be possible.
The Government welcomes ideas for how insurance can build resilience and access insurance in future, noting the new risks and challenges from the outbreak of COVID-19. We will be assessing all proposals in due course.