Season 7, Episode 5
Contingent Business Interruption cover… let’s find a solution (Sponsored by the FSCA)
Acting as employees of the FSCA, contestants advise the FSCA on the main causes of the contingent business interruption (CBI) cover dispute between non-life insurers and their policyholders, how non-life insurers, intermediaries and reinsurers caused or contributed to the said dispute and what the FSCA can do in order to prevent unfair outcomes for policyholders in future. With a different format to tasks and the loud and interrupting sound of a buzzer, did the teams meet the mandate, and did they highlight the challenges that could be faced by the FSCA if it were to accept and act on their advice?