Lloyd’s, Parsyl to insure emerging market COVID-19 vaccine rollout
NOOR ZAINAB HUSSAIN and CAROLYN COHN LLYOD’S of London and insurtech firm Parsyl have launched a programme to insure the distribution of COVID-19 vaccines in emerging markets as drugmakers race to address the biggest global logistical challenge since the Second World War. The Global Health Risk Facility (GHRF), made up of 14 insurers and reinsurers, has been set up to address the challenges of transporting temperature-sensitive vaccines, and will be supported by $26.7 million in funding from the U.S International Development Finance Corporation, the companies said on Tuesday. The DFC loan will be used to capitalize a new public-private Lloyd's…