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8 April 2021 - Submitted by Guest Author Submitted by Guest Author on 8 April 2021 In this feature, Arc International Event Insurance Specialists, discusses the affect Covid-19 has had on the event insurance industry. The insurance market, as a whole, has been experiencing challenging times over the past few years.  With global warming affecting the climate and the increase in the number of natural disasters, coronavirus and the risk of terrorist attack; Lloyd’s of London Contingency market has been heavily hit by claims.  In May 2020 Lloyd’s advised that it expected coronavirus-related claims to cost between £2.5-3.5bn.  To illustrate the enormity of the loss, the combined claims relating to hurricanes Harvey, Irma and Maria in 2017 are thought to equal or exceed the claims paid due to the Coronavirus pandemic. Nearly a third of the losses are thought to come from the cancellation or postponement of major events aro

City ofUnited kingdomArc international event insurance specialistParc internationalArc international event insurance specialistsLondon contingencyMusic festivalsRyder cupInternational event insurance specialistநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்வில் சர்வதேச நிகழ்வு காப்பீடு நிபுணர்வில் சர்வதேசவில் சர்வதேச நிகழ்வு காப்பீடு வல்லுநர்கள்லண்டன் தற்செயல்இசை திருவிழாக்கள்