Covid-19 Claims to Total GBP 6 billion, says Lloyd's of London

The video discusses the significant impact of the pandemic on the insurance industry, highlighting Lloyds' £6 billion claims payout. It emphasizes the need for collaboration between the insurance sector and governments to address future systemic risks like pandemics, cyber threats, and climate change. The discussion also covers the challenges of making pandemic insurance affordable and the behavioral aspects affecting insurance uptake. Additionally, it explores the growing demand for climate-related insurance and the rise of cyber risks, urging the industry to adapt policies to new working environments.

How does the insurance industry plan to support customers in future pandemics?

What are some of the systemic risks mentioned that the insurance industry is focusing on?

What is the significance of collaboration between the insurance industry and government in addressing future risks?

What has been the total amount announced for claims related to the pandemic by Lloyds?

What challenges did the insurance industry face in providing pandemic coverage after the SARS epidemic?

What behavioral issues affect customers' willingness to purchase insurance for remote risks?

How is the demand for insurance against climate-related events changing?