COVID-19 and business interruption in Algeria

The Algerian Union of Insurance and Reinsurance Companies (UAR) denies the rumours that insurers would cover the business interruption sustained by their customers due to the pandemic.

The union's president Brahim Kassali specified that the UAR only intends to launch a feasibility study of an insurance system to cover the business interruption in the event of a pandemic.

The scheme in consideration, would be similar to the one implemented for natural disasters.

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