Ann: UK Business Interruption Claims, page-8

Policies which are silent on pandemics and do not specifically exclude pandemics, would be covered for Covid 19 and many BI policies in USA and Europe may not have specific exclusions for pandemics, hence these are the 2 areas where BI insurers are most at risk. As a result of SARS, most BI policies in Australian/Pacific region have specifically excluded pandemics. QBE's exposures for Covid 19 would be manageable and limited as they rely heavily on reinsurance whereas USA insurers such as Berkshire Hathaway, Chubb, etc tend to take on the risks and do not generally buy reinsurance. QBE will take off when the markets pick up, so good long term future.