Lost Compensation Insurance to be Sold at New Corona MS & AD Group June 26, 6:34
As concerns about the so-called second wave that the new coronavirus infection spreads again, major non-life insurance company MS & AD group will sell insurance to compensate for damage when the infection spreads at restaurants etc. became.
Insurance for companies that compensates for damages caused by suspension of business generally covers natural disasters and accidents.
However, it has not been possible to take leave due to the effects of the new coronavirus, so it is difficult to set insurance premiums, and it was not included in the scope of insurance except for some companies' special insurance.
Under these circumstances, MS&AD Group's Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance Co., Ltd. have a special fire to compensate for damages to restaurants and accommodations when employees become infected and are forced to leave work. Insurance will be sold next year.
By setting a limit of up to 5 million yen for compensation, we are also able to pay for holidays due to virus infection.
With the second wave of new coronavirus infection spreading again, the property and casualty insurance industry is likely to develop insurance for various infection risks.