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We are concerned about the implications of the pandemic for insurance, given that businesses will...
Conclusion
We are concerned about the implications of the pandemic for insurance, given that businesses will need the confidence that insurance cover provides if they are to resume normal activities. (Paragraph 184) 58 Economic impact of coronavirus: the challenges of recovery
Government Response
Acknowledged
Government Response
Acknowledged
HM Government
Acknowledged
On your suggestion regarding pandemic insurance cover, HM Treasury is working closely with insurers, trade bodies and the regulators to understand what more the sector can do to help businesses and support the immediate economic recovery, as well as to learn lessons for potential future pandemics. HM Treasury also remains in close contact with the Prudential Regulation Authority following the test case judgement to monitor the solvency of the insurance sector and will take all necessary steps to maintain financial stability.
Source
Committee
Treasury Committee
Inquiry
Economic impact of coronavirus
Report
Eighth Report: Economic impact of coronavirus: the challenges of recovery
11 Sep 2020
HC 271
Addressee Bodies
HM Treasury
Timeline
Recommendation age
5.7 yrs
Report published
11 Sep 2020