Coronavirus (Covid-19) Information Zone


Updated: 15th January 2021

Covid 19 – FCA test case

In June the Financial Conduct Authority (FCA) brought a test case in the High Court to help to resolve the uncertainty over the wording of a number of business interruption policies in relation to claims arising out of the coronavirus pandemic. Several insurers, including MS Amlin, agreed to take part in this test case which was heard in June.

The High Court issued its judgment on 15 September.

MS Amlin along with the FCA, six insurers and an action group were granted permission to appeal the judgment issued by the High Court in September.

This appeal was heard in the Supreme Court in mid-November, and the Court’s judgment was formally delivered on 15 January 2021, more information of which can be found here. www.fca.org.uk/firms/business-interruption-insurance

MS Amlin’s decision to voluntarily take part in the FCA’s BI Test Case was driven by our desire to bring greater clarity to policyholders and the industry regarding a series of diverse and complex business interruption claims triggered by an unprecedented, ongoing event.

Whilst the Supreme Court’s judgment has a number of complex implications we will assess them as quickly as we can. We are pleased the legal process has reached its conclusion.

We take our responsibility to support our policyholders extremely seriously and understand the challenges and uncertainties they face during these extraordinary times. We remain committed to providing an outcome for all affected policyholders as quickly as possible, by assessing all eligible claims in light of this judgment.

We will be communicating with all policyholders affected by this judgment.

For more information on the test case please see the links below.

The Association of British Insurers also provides information on its website; www.abi.org.uk/products-and-issues/topics-and-issues/coronavirus-hub/business-insurance

The Financial Ombudsman Service has published information online about business interruption cases; www.financial-ombudsman.org.uk/businesses/complaints-deal/complaints/coronavirus-covid-19-information-businesses

FAQ’s

Who should I contact about my claim?

You should follow the guidance set out within your policy documents which will include contact information for making a claim. If you have been sent a specific letter asking you to supply more information please use the contact details in this correspondence.

When will you process my claim?

Following the judgment from the Supreme Court, we remain committed to providing an outcome for all affected policyholders as quickly as possible, and we will assess all eligible claims in light of this judgment.

What do I need to do now for my claim?

We will be communicating with all policyholders affected by this judgment.

What about the more recent local and national lockdowns?

Clients should submit any claims they would like to make in the normal way as detailed in their policy documents. MS Amlin will continue to consider all claims on a case by case basis.

Find out more

Please select the appropriate market from the options below, to find the update most relevant to you.

UK Property & Casualty

MS Amlin understands these are extremely challenging times for everyone. If any of our clients are experiencing financial difficulties and are having trouble in paying their premium, we encourage them to contact their broker or intermediary.

We are committed to work closely with our partners and clients on a case by case basis and offer support where we can at this difficult time.

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UK Digital

MS Amlin understands these are extremely challenging times for everyone. If any of our clients are experiencing financial difficulties and are having trouble in paying their premium, we encourage them to contact their broker or intermediary.

We are committed to work closely with our partners and clients on a case by case basis and offer support where we can at this difficult time.
 

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UK Covid-19 Risk Assessment

As the Coronavirus situation across the globe continues, our priority is to ensure the wellbeing of our employees, customers and suppliers  As such, we will continue to monitor and follow Government and Public Health England advice daily. Please see below to learn about the measures we are actively taking to reduce the Risks to our employees, customers and suppliers by mitigating the spread of Coronavirus.'

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