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Michael Weaver, Managing Director and Head of Valuation Advisory, EMEA, was recently interviewed by Raconteur Media on the impact Coronavirus has on insurance companies.
As governments have started imposing stricter travel restrictions “insurance firms are going to be the first in line to feel the pain of any widescale illness or travel disruption” said Mike.
“Following countless cancelled flights, holidays and events, travel and leisure businesses will quickly begin to feel the effects of disrupted business continuity and will not hesitate to make a claim”, he explained. “Beyond the impact that coronavirus has had on many lives, insurance firms are likely to suffer the most tangible business losses from the outbreak.”
Read the whole article on Raconteur here.