Home HRCommunication HFW Insurance Bulletin – February 2021

HFW Insurance Bulletin – February 2021

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HFW Insurance Bulletin – February 2021

In this issue:
Parametric insurance after 2020
Many policyholders the world over found that their insurance products did not provide adequate cover during the Covid-19 global pandemic. Innovative parametric insurance products may provide an alternative, or may help to fill the gaps in traditional indemnity insurance.

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The Covid-19 impact – insolvent businesses and what happens to third-party claimants?
The Covid-19 pandemic has had a severe impact on the economy. This has given rise to an increasing number of claimants with claims against insolvent businesses.In these circumstances, a third-party claimant would usually notify the company’s insolvency practitioner of its claim. The claimant is then required to pursue its recovery as part of the insolvency process alongside other creditors.

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 Costas FrangeskidesSenior EditorEmail
 Alex Walley Co-editor Email

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