Totus Re welcomes CII call to action

Financial strength of many businesses has been damaged by the apparent absence of insurance to provide protection in the event of a pandemic. Totus Re has welcomed the call from the Chartered Insurance Institute for the industry to establish an approach to pandemics and other systemic risks that clearly sets out the scope of government intervention.

Have you considered the risks of cleaning and disinfection during the pandemic?

One of our fabulous clients Swiss Re Corporate Solutions has produced a really helpful guide of the risks bought by disinfection processes to a wide range of businesses, public spaces, and schools.

Totus Re cautions against single peril view to societal risk

Totus Re is fully supportive of the Pandemic Re steering group but it does not go far enough. In our rush to treat the symptom we need to make sure we don’t fall into the trap of simply adding a pandemic silo to the government’s ad-hoc architecture of guarantees and backstops in a game of endless whack-a-mole.