The IPO has been working hard with the insurance sector in an effort to motivate Government to establish an industry Pandemic Insurance Indemnity Fund, as several countries around the world have done, in an effort to reboot the industry. Without pandemic insurance cover, it is not possible to get a full completion bond, without which it is almost impossible to secure financing for your project and get into production or which leaves the producer carrying enormous risks if you do.
We need your urgent assistance to get comprehensive industry information to substantiate the facts and figures in our proposal, and provide a compelling case to government. If you had, or might have, a production that is unable to commence or to finalise funding due to a lack of pandemic insurance, PLEASE complete this quick survey, and return it by Monday 26 October.
Link to the Survey: https://forms.gle/
Please note: because we anticipate your possible reluctance to share what may be perceived as confidential information with the IPO, this survey will be returned to and coordinated by an independent 3rd party, the South African Insurance Association. No individual responses will be assessed, only global totals will be assessed and factored into the proposal. We urge you to participate – we don’t want to understate the industry’s need to government, which will be detrimental to the entire industry value chain. Your small investment of time and information is vital, please.
There is space for 4 productions affected by Lockdown and 4 productions planned from October 2021, if you need to report additional productions please put the details in the Comments section at the end. Please also share the survey with producers who are not IPO members.