Insurance: The big update

With concert professionals still reeling from the economic impact of 2020’s cancellations, few are willing to take a risk on new shows without cover for further coronavirus-related disruption. But with underwriters unwilling to insure losses as a result of Covid-19 – and a growing number insurers ceasing to offer cancellation cover altogether – many in the industry are now pushing for governments to step in to break the deadlock with state-backed insurance funds. So what does the next 12-24 months look like for policies and cover, and with mixed fortunes on claims over the past year, how different will the insurance market look than it did going into 2020? In what’s likely to be the best-attended insurance session ever at ILMC, we ask what comes next and how to navigate this current roadblock to the return of live.