Metabiota’s Pathogen Sentiment Index to Fuel Innovative Epidemic Insurance Offering for Travel & Tourism Industry
Today,
Under an exclusive agreement with
For the first time, travel and tourism businesses like hotels, airports, cruise ships and theme parks will be able to access a public fear trigger-based business interruption policy designed to protect against a significant financial loss resulting from an epidemic.
While the travel and tourism industry is the first commercial target for this offering, organizations and business of all sizes will benefit from an epidemic risk solution like this as insurers and financial institutions mature their offering and expand into new industry segments. As example of the real cost of epidemics, The Zika virus may end up costing
"Infectious disease outbreaks can inflict enormous social and economic disruption and public fear and panic can only magnify those disruptions," said
"The travel and tourism industry is often on the frontlines when it comes to taking the hit from an infectious disease outbreak," said
The Index is designed to be flexible and can be quickly updated to incorporate new pathogens, including newly emerging diseases. It is regularly updated to reflect potential developments that can influence public fear, like the development of a new vaccine or the discovery of a new disease symptom. The Index has been extensively tested and validated against over a decade of media reporting on historical infectious disease outbreaks.
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Read the full story at http://www.prweb.com/releases/2018/04/prweb15413558.htm
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