Insurance: event cancellation coverage

In a context of global health crisis, many events could not be held on the dates initially planned. Some have been postponed, such as the 2020 Dubai Expo or the Tokyo Olympic Games. Others were simply cancelled. This is the case for the Wimbledon tennis tournament, the New York and Berlin marathons or the Monaco Grand Prix.

The postponement as well as the cancellation of events result in charges for the insurance companies that cover this prejudice. For example, the cancellation of the Olympic Games in Tokyo, whose date has been postponed to 23 July, 2021, would result in a loss of 2 to 3 billion USD for the profession, the largest loss ever reported for this type of risk.