Transporting Covid-19 vaccines a new frontier for insurers
Industry sources say existing companywide cargo insurance programmes are likely to be insufficient
18 December 2020 - 11:02
London — Speedy global delivery of Covid-19 vaccines by air and sea in ultra-cold conditions will lead to a jump in cargo insurance rates and spur demand for new areas of coverage, leaving underwriters on high alert.
Pharmaceutical companies normally manage the risks of transporting their products through buying insurance or relying on an in-house insurer, known as a “captive” insurer...
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