Insurers, drugmakers sail into unknown with vaccine rollout ...Qatar

Speedy global delivery of Covid-19 vaccines by air and sea in ultra cold conditions will lead to a jump in cargo insurance rates and spur demand for new areas of coverage, leaving underwriters on high alert. Pharmaceutical companies normally manage the risks of transporting their products through buying insurance or relying on an in-house insurer, known as a “captive” insurer. But as Pfizer Inc and other drugmakers start to roll out vaccines more broadly, existing company-wide annual cargo insurance programmes are likely to be insufficient, industry sources say. “Where manufacturers or logistics providers see gaps in their coverages, they may look to the insurance markets to plug those gaps

Hence then, the article about insurers drugmakers sail into unknown with vaccine rollout was published today ( Saturday 19/12/2020 - 01:01 AM ) and is available on Gulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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