A giant Olympic rings monument is illuminated at dusk at Odaiba Marine Park in Tokyo, Japan, on March 25, 2020. Photo: EPA

Premiums will soar as insurers face record payouts for cancelled, postponed events like Tokyo Olympics and Wimbledon, say industry watchers

  • Postponement of Tokyo Olympic Games alone will cost insurers an estimated US$2 billion
  • Insurers face potential payouts of about US$6.3 billion as major sports events and concerts are either scrapped or delayed by the pandemic
Topic |   Insurance
A giant Olympic rings monument is illuminated at dusk at Odaiba Marine Park in Tokyo, Japan, on March 25, 2020. Photo: EPA
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