✉news BusinessBusiness first seen 4 d ago, last 3 d ago, peak #13
Business interruption claims now 70% larger than property damage, Allianz finds
Original: Average business interruption claim now 70% larger than property damage, Allianz finds
Allianz reports that the average business interruption insurance claim is now 70% larger than the corresponding property damage claim. The finding highlights how indirect losses, such as lost income and supply chain disruption following physical damage, increasingly outweigh the direct cost of repairing damaged property. The analysis is drawing attention among insurers and businesses as they reassess how cover is structured and priced.
Why now: Insurers and businesses are reacting to new Allianz data showing indirect losses now far exceed direct property damage costs.
Rank over time, top of the chart is #1. 4 snapshots from 4 d ago to 3 d ago.
Evidence
- Average business interruption claim now 70% larger than property damage, Allianz finds · Insurance Business
- Average business interruption claim now 70% larger than property damage, Allianz finds · Insurance Business
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