Allianz has released a new analysis: "Global Claims Review 2015: Business Interruption In Focus". According to the insurance firm:
The greater interconnectivity of the global economy is manifesting itself in increasingly more complex production processes with higher economic values. The end result is more severe business interruption (BI) implications. For insurers this means potentially larger and more complicated losses than in the past. It also means that one event – like a fire at a factory or a flood in one region – can generate many claims from large numbers of companies.
As a result the insurance industry is increasingly requiring the insured party to examine risk across its supply chain and attempt to mitigate any significant vulnerability of business interruption.
No comments:
Post a Comment