Munich Re and International SOS combine on pandemic insurance solution
Health and security consultants International SOS is partnering with Munich Re to provide health advisory services to its pandemic policyholders.
The two companies said they have combined their knowledge and experience of risk management and insurance to develop an “integrated epidemic and pandemic risk management policy solution”.
The pandemic insurance and risk-financing solution includes access to International SOS’s pandemic portal, an online repository of the latest health advice relating to pandemics, and real-time one-on-one access to the firm’s health consultants.
Policyholders will not need to wait for a pandemic to be declared by the World Health Organization to seek the advice and support they need.
The companies said advice will be medically led to enable risk managers, HR and HSE professionals to communicate recommendations confidently to c-suite decision makers.
Franck Baron, group deputy director of risk management at International SOS, commented: “We are delighted to have partnered with Munich Re on this combined offering for their policyholders. The solution enhances Munich Re’s pandemic policy, supporting captives on a topic for which extensive support is often sought. This next step in our relationship with Munich Re will help protect workforces and, in turn, organisational resilience.”
Mari-Lizette Malherbe, member of the Munich Re board of management, added: “I have great pleasure in announcing our new partnership with International SOS. The collaboration brings together the essential components of pandemic resilience, financial protection and access to health expertise to minimise a pandemic’s impact and protect workforces.”
“Climate change and population shifts are making another pandemic more likely, therefore there is a need to create more resilient organisations. This new integrated pandemic risk management solution equips the insured to confidently navigate the next pandemic crisis,” she said.
