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France looking into setting up insurance cover for pandemics - Metro US

France looking into setting up insurance cover for pandemics

FILE PHOTO: The coronavirus disease (COVID-19) outbreak in France

PARIS (Reuters) – French finance minister Bruno Le Maire has set up a working group to look into establishing further insurance cover for exceptional, one-off events such as pandemics, Le Maire’s department said on Wednesday.

The French move echoes a similar step taken this week by Britain, whose insurance industry is also going to work with the UK government-backed terrorism reinsurance fund Pool Re to develop insurance cover for pandemics.

(Reporting by Sudip Kar-Gupta, editing by Louise Heavens)

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