Aon PLC said on Tuesday that cargo insurance coverage will be introduced for COVID-19 vaccines that provide payment for doses that fall outside the agreed temperature range while being transported or stored.
The broker said in a statement all 2021 revenues. from the program will be donated to a charity that aims to eradicate the human and economic tolls of the pandemic.
Aon said in his statement that the program, which involves combining sensor data and analysis, is made possible through a partnership with insurtech company Parsyl Inc., based in Denver, with Ascot Group Ltd. as a leading insurer.
Binding insurers are Chubb European Group SE and American International Group Inc., with reinsurance support from Munich Re. Other insurance companies include AEGIS London, Antares Managing Agency Ltd., Axa SA division Axa XL, Axis Insurance Co., Beazley PLC, Fidelis Insurance Holdings Ltd., MS Amlin Ltd. and Talbot Underwriting Ltd., Aon said in his statement. [1