The European Insurance and Occupational Pensions Authority (EIOPA) published, on Monday 27 July, its Issues Paper highlighting options for developing “shared resilience solutions” for pandemic risk.
The Covid-19 health crisis has indeed highlighted the shortcomings of the European insurance systems and EIOPA seems to want to draw lessons from it. “While it is clear that insurance cannot cover the full costs of pandemics, insurers and reinsurers should be part of the solution and not...