Special risk and contingency cover insurance
Special risks and contingency cover insurance is the latest title in Swiss Re’s Technical publishing series. The publication is an updated version of the 1998 work of the same title.
Risks accepted as special risks and/or contingency vary greatly from one insurer and market to another. What constitutes a "special risk" may be rigidly defined or may cover a broader spectrum of hazards. The updated work focuses on the specific areas of cancellation of events, film insurance and specialties such as prize indemnity, over-redemption, extended warranty and residual value insurance, which may be grouped together as contingency covers.
The publication addresses the complexity of underwriting a major sports event, the primary focus being on the Olympic Games. It examines the most important cover forms and points to their advantages, disadvantages and insurability, providing motivated underwriters with the basic knowledge for setting necessary prices and assembling a profitable portfolio.
