The unprecedented coronavirus (COVID-19) pandemic has impacted every major economy and industry and the local and global insurance market is no exception. The immediate challenges associated with the pandemic and the resultant economic downturn are likely to bring lasting effects to the insurance marketplace. Insurers are reviewing the coverage provided under their range of products and governments are introducing new laws which directly and indirectly impact risk and insurance.
As we actively address the constantly evolving crisis situation and assist our clients to navigate through this period of uncertainty, today we focus on considerations relevant from an Directors’& Officers’ Liability perspective as further addressed within the attached paper prepared by our global partners Willis Towers Watson.
As always should you have any queries in relation to this subject or any other insurance and risk related considerations, please don’t hesitate to contact the team at Aerosure.