Covid-19: UK claims will pass £1bn, says Huw Evans
Evans quoted the figure in a letter defending the response of insurers to the pandemic.
Association of British Insurers (ABI) director general Huw Evans has placed the claims cost of the Covid-19 pandemic as “well in excess of £1 billion in the UK”.
In reaching the figure, Evans cited the ABI’s estimate of £275m in travel cancellation and repatriation costs as well as Lloyd’s expectation that claims will be triggered “on more than a dozen policy types”.
He added: “This is on top of the £7.8 billion in claims incurred every year from businesses for the types of day to day risks
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