Insurance coverage and COVID-19

As the coronavirus (COVID-19) pandemic spreads around the world, the health crisis and subsequent restrictions imposed to tackle the crisis are significantly disrupting travel, business operations and supply chains. Individuals and businesses face important costs and losses prompting questions around available insurance coverage and the need for policy intervention in the future. Insurance is an important financial tools for when extreme events such as disasters occur, making available financial protection for populations that may otherwise be economically exposed.