The pandemic and measures were taken to control the spread disease have significantly disrupted economic activity in countries around the world, resulting in significant business interruption losses.
Businesses across many sectors of the economy faced major decline in the revenue during the pandemic due to which government direct them to close their businesses.
Insurers and their associations around the world stated that most of the policyholders have not acquired insurance coverage which will respond to the business interruption losses that result from pandemic business closures.
Business interruption insurance against pandemic risk could be provided with support from governments based on the experience of risk insurance programs.
Learn more about the insurance business here:-
https://brainly.com/question/24034584
#SPJ1
