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What is the potential of compensation funds for addressing COVID-related personal injury?

Author

Listed:
  • Jonas Knetsch

    (University Paris 1 Panthéon-Sorbonne)

  • Kim Watts

    (University of Antwerp)

Abstract

The COVID-19 pandemic continues to present new challenges at the frontiers of social risk. Its significant societal impact has prompted the consideration of alternative frameworks like compensation funds to better allocate the risks and impacts of COVID-related injury. Although there has been discussion about the potential of alternative liability structures for vaccine-related injury, there has been less analysis of the right way to compensate other types of injury, such as long-term illness, disability and death, associated with the SARS-CoV-2 virus. In France, a universal compensation fund for COVID-19-related injuries, designed similarly to asbestos-related schemes, was considered by the parliament. With an eye on scientific knowledge of the best practice in the development and operation of compensation frameworks, this paper analyses the design of such funds in Europe as applied to COVID-19 injury and considers the position of compensation funds in relation to tort law, private insurance and social security models.

Suggested Citation

  • Jonas Knetsch & Kim Watts, 2023. "What is the potential of compensation funds for addressing COVID-related personal injury?," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 48(3), pages 608-629, July.
    • Handle: RePEc:pal:gpprii:v:48:y:2023:i:3:d:10.1057_s41288-023-00292-y
    DOI: 10.1057/s41288-023-00292-y
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