Dear All,
Good afternoon, I trust everyone’s week has gone well and that the unplanned second lockdown hasn’t been as disruptive as the first.
Today’s insight – it has recently been mentioned on Sky News in regard to insurers potentially “repudiating and or ab initio (meaning from the beginning)” should the unfortunate event of an incident occur during lockdown for drivers participating in unessential driving journeys. This can be controversial in the context of insurers policy wordings from when customers had accepted the policy: https://lnkd.in/dHmwzJv
From an ARGenesis perspective, instead of repudiating a claim could insurers perhaps look at this differently eg. by applying different conditions or use this opportunity to obtain social intelligence data points to establish the exposure of risk covid-19 insight.
If you would like to know more on this, go into the more technical aspect, do get in touch.
Best regards
ARGenesis Management Consultancy Team.