Schedule of Insurance immaterial damage due to pandemic (1 CPD)
| On Thursday 2 March: | |
| 17:00 - 18:00 | Securitisation rather than mutualisation ... |
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From 17:00 to 18:00
Securitisation rather than mutualisation ...
Topics to be discussed:
- Concepts (immaterial damage, business interruption insurance, pandemic);
- Pandemic risk as catastrophe risk (high intensity and low frequency);
- Uninsurability of pandemic risk via traditional engineering (due to lack of modelling, capacity and spread (mutual, geographical and temporal));
- Solution via securitisation (capital market financing of total claims among all insured via disaster bonds issuance).