Insurers to pay out billions in relief funds

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In light of the devastation faced by the hospitality and leisure industries, which have been the worst affected by the lockdown and largely remain closed, the Financial Sector Conduct Authority (FSCA) and the Prudential Authority came to an agreement with non-life insurers to make immediate relief payments to policyholders.
In light of the devastation faced by the hospitality and leisure industries, which have been the worst affected by the lockdown and largely remain closed, the Financial Sector Conduct Authority (FSCA) and the Prudential Authority came to an agreement with non-life insurers to make immediate relief payments to policyholders.

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