Insuring Against Pandemics: A Private Sector Instrument for the Private Sector

Marco Rossi

Chapter 12 in Financial Transformations Beyond the COVID-19 Health Crisis, 2022, pp 349-362 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The ongoing COVID-19 pandemic shows how quickly business resources can dry up against the backdrop of non-transient expenses. This has forced many businesses to proceed with large cuts in their workforce while facing the possibility of never getting back on their feet. Governments all over the world are trying to avoid such an outcome by providing guarantees on bank loans and upfront cash support, including grants. This chapter looks at the possibility of integrating such public response by developing an instrument — by the private sector and for the private sector — to help businesses of any size, including those with increasingly multinational operations, navigate the most perilous part of a pandemic. The instrument would release a contracted cash amount that could be calculated to provide a chosen grant element against an expected liquidity need, given a company’s specific circumstances and preferences.

Keywords: COVID19; Pandemic; Pandemic Outbreak; Health Crisis; Economics; Macroeconomics; Finance; Sustainable Finance; Financial Crisis; Financial Integration; Economic Integration; Global Financial Crisis; Financial Institutions; Corporate Finance; Corporate Governance; Board of Directors; ESG; Corporate Social Responsibility; Sustainable Finance; Stock Markets; Financial Markets; Stock Market Behaviour; Firm Liquidity; Emerging Markets; China; Financial Institutions; Money; Banks; Banking System; Banking Sector; Business Groups; Resilience; Safe Heaven; Gold; Oil; Peer-to-Peer Lending Market; Foreign Trading; Stock Market Volatility; Extreme Events (search for similar items in EconPapers)
JEL-codes: F4 F62 G15 G17 G3 O16 (search for similar items in EconPapers)
Date: 2022
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