COVID-19 continues to spread globally, presenting unprecedented risks to people, businesses, and economies. The virus generally causes symptoms similar to a cold or flu; in some cases, it has proven fatal. Organizations must prepare to respond to and recover from a range of impacts to their people, operations, and business as any delay could mean significant consequences later.
Throughout this hub you will find thought leadership, expert views, links to government and NGO sites, and solutions and strategies that you can apply as you navigate the challenges posed by COVID-19.
Pandemic Preparedness and Response
Recent disease outbreaks, such as COVID-19, the Zika virus, Ebola (Zaire strain), and Middle East Respiratory Syndrome (MERS-CoV), bring to light a critical threat that should be proactively addressed. They underscore the importance of effective outbreak, epidemic, and pandemic planning and response to minimize and mitigate employee and operational risk and reduce social and economic disruptions. Planning and response must include financial and business resilience measures and the ability to quickly react and adjust to changing scenarios.
The impact of the COVID-19 outbreak on supply chains will affect the cargo industry and could leave cargo owners and carriers less insured than they imagine.
The spread of coronavirus and its impact on global oil prices will have implications on the marine insurance market.