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A fifth of UK SMEs say trust in insurers bolstered due to Covid-linked BI test case

By 2021-11-26T08:27:00

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However, ongoing BI disputes show the ramifications of the pandemic are not over yet, which could work to damage insurers’ reputation, says data and analytics firm

Around a fifth (21.6%) of UK-based SMEs said their trust in insurers has increased as a result of the business interruption (BI) insurance legal action brought by the FCA, which clarified the interpretation of BI policy wordings for Covid-19-related claims, according to research by data and analytics firm GlobalData.

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