A PLEA FOR AN INSURANCE SOLUTION TO EXCEPTIONAL DISASTERS

The coronavirus crisis and the controversy over corporate business losses have been a reminder that private insurance companies alone cannot cope with a systemic risk such as a global pandemic. In order to respond to this blind spot in insurability, French insurers are offering to create an original insurance scheme to cover companies against the economic consequences of a major event. A lump-sum scheme, for simple and rapid compensation, based on a public-private partnership.