Lloyd's to offer cover for the delivery of any future vaccine for COVID-19 to low-income countries

Lloyd | July 23, 2020

Lloyd's to offer cover for the delivery of any future vaccine for COVID-19 to low-income countries
Earlier this week, fresh hope of a COVID-19 vaccine was introduced by researchers at Oxford University, who described the initial results of their attempts to create a vaccine as “encouraging”. Today, the Financial Times (FT) has reported that Lloyd’s of London is going to start offering cover for the delivery of any future vaccine for COVID-19, which will enable the safe transportation of the vaccine to low-income countries.
The safe delivery of vaccines has been highlighted as often being difficult or costly, with some underwriters wary of the risks involved due to the highly temperature-sensitive nature of vaccines, with freezing being a particularly big risk. Ben Hubbard, the CEO of the cargo insurance specialist, Parsyl, told the FT that if the delivery is not perfect, then the vaccine simply will not work.

Spotlight

Given the skyrocketing prices and rents of residential real estate in Hong Kong, most homeowners will purchase a home insurance policy to protect their property and contents within their household. Apart from prevalent benefits, such as property damage from fire, the coverage scopes of most home insurance policies are in fact much wider than what you may expect. This infographic by Kwiksure showcases the top three benefits that build up a comprehensive home insurance plan, as well as other more unexpected things that are covered under a home insurance policy.

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Spotlight

Given the skyrocketing prices and rents of residential real estate in Hong Kong, most homeowners will purchase a home insurance policy to protect their property and contents within their household. Apart from prevalent benefits, such as property damage from fire, the coverage scopes of most home insurance policies are in fact much wider than what you may expect. This infographic by Kwiksure showcases the top three benefits that build up a comprehensive home insurance plan, as well as other more unexpected things that are covered under a home insurance policy.