Chubb, Marsh partner on vaccine cover for lower-income countries


Chubb Ltd. and Marsh LLC worked with the World Health Organization and Gavi, the Vaccine Alliance, to provide $ 150 million in insurance coverage for a program to compensate certain people for serious adverse events caused by vaccines.

The no-fault compensation program provides eligible individuals in 92 lower-income countries with an opportunity to receive compensation for adverse events related to vaccines distributed under the COVAX vaccination initiative through June 30, 2022, Chubb and Marsh said in a statement on June 30, 2022 Thursday with.

Marsh led the global placement of the coverage while Chubb is the primary insurer, backed by 10 other insurers in the US, UK, Germany, Ireland, Switzerland and Bermuda.

"The scale of the COVID-19 pandemic requires everyone from governments and health officials to the private sector to contribute their skills, abilities and resources to help end this crisis," said Evan Greenberg, Chairman and CEO by Chubb. said in the statement.

In February, through ESIS Inc., a third-party administration company, Chubb reached an agreement with WHO to manage the insurance program.


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https://businessservicesnews.ca/chubb-marsh-partner-on-vaccine-cover-for-lower-income-countries/

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