New Research on COVID-19 from Sapienza University of Rome Summarized (Non-damage Business Interruption Insurance Policies During The Covid 19 Pandemic): Coronavirus – COVID-19

2022 DEC 16 (NewsRx) -- By a News Reporter-Staff News Editor at CDC & FDA Daily -- Investigators discuss new findings in COVID-19. According to news reporting from Sapienza University of Rome by NewsRx journalists, research stated, “Pandemic risks, such as Covid-19, are difficult to insure as they are characterized by multiple factor risks and losses and involve different types of businesses and people simultaneously.”

The news reporters obtained a quote from the research from Sapienza University of Rome: “The scarcity of time series and statistical data prevents insurers from developing correct pricing. We propose a model of catastrophe risk with Non-Damage Business Interruption (NDBI) policies to manage the pandemic risk due to the spread of Covid-19. The model employs a Monte Carlo simulation of different lockdown scenarios: the frequency and severity distributions of losses of Italian SMEs.”

According to the news editors, the research concluded: “The main results show the importance of a Covid-19 lockdown exposure NDBI policy, which benefits not only SMEs but also the insurer.”

For more information on this research see: Non-damage Business Interruption Insurance Policies During The Covid 19 Pandemic. Economic Review, 2022,XX(01):41-48. The publisher for Economic Review is Faculty of Economics, University of Tuzla.

A free version of this journal article is available at https://doi.org/10.51558/2303-680X.2022.20.1.41.

Our news journalists report that more information may be obtained by contacting Marina Brogi, Faculty of Economics, Sapienza University of Rome, Italy. Additional authors for this research include Valentina Lagasio, Fabrizio Santoboni.

(Our reports deliver fact-based news of research and discoveries from around the world.)