In Focus
Pandemic insurance and government as insurer of last resort
This article looks at the Government’s role as ‘insurer of last resort’. Over time, the areas where it takes this role have expanded from basic military, health and welfare provision to include, for example, elements of flood, terrorism and travel risks. Coronavirus has widened this scope further. The article also considers the costs of providing cover, and whether the private sector might cover more of the risks arising from pandemics.