Happy Tuesday Everyone!
The News Insight I would like to share today is the estimated payment for claims relating specifically to the impact of the COVID-19 situation. It has been revealed that the estimated COVID-19 insurance pay-out from ABI members is the largest and most apparent pay-out and relates to mainly Business Interruption Insurance (BI) calculated in and around 2 Billion GBP. For more details and for other lines of products e.g. Travel, please see the link below:
The ARGenesis perspective is that although we cannot change the “What” we should focus now on the “How” and what we can do to ensure a positive move forward to survive a crisis such as this. No one can predict what tomorrow holds but what we can do is to create the necessary prevention tools to support and enable us to manage any future crisis either directly/or indirectly. Therefore, the key big buzz word here is “DATA” which is the new Global currency for us all. Please get in touch to discuss how ARGenesis can support and provide those much needed tools to support you in a collaborative way.
Regards
ARGenesis Team