On Insurability and Transfer of Pandemic Business Interruption Risk

Abstract

The COVID-19 pandemic not only induced widespread anxiety and inactivity in the global economy but also raised questions about how society could better absorb financial damages arising from future catastrophic events. This paper addresses some important questions such as what a risk is, how risks can be transferred away from individuals and business owners, and what makes a risk insurable.

Year
2021
Keywords
insurability, risk transfer, correlation
Description
The COVID-19 pandemic not only induced widespread anxiety and inactivity in the global economy but also raised questions about how society could better absorb financial damages arising from future catastrophic events.

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