Swiss Re ‘regrets’ government’s decision to drop pandemic insurance scheme

Christian Mumenthaler, group CEO, Swiss Re

Switzerland has dropped plans to develop a public-private pandemic insurance scheme. Swiss Re’s CEO Christian Mumenthaler said his company “very much regrets” the decision not to pursue the proposal after it worked with the Swiss Insurance Association and government to develop possible solutions. These were based on private insurers assuming a portion of claims and a state-backed reinsurance arrangement. Speaking…

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