Page 31 - Insurance Times December 2022

FIFA 2022

&

Insurance Afreen Fatima

PGCM
(Actuarial Science)

When you play at a high level, your risk of injury is always high. A lot of athletes therefore insure
their body components. Because it is not offered by conventional insurance companies and is highly
customized, body part insurance is not accessible to the public.

n November & December, one of the most widely could be mitigated without causing major loss to any of the
I watched sports worldwide is football. Up to five billion parties involved during such major tournaments.
viewers are anticipated to watch the Qatar 2022
World Cup on television. This represents almost 50% Let's take a look at the largest event of the year and the
of the world's population. sport of football from the standpoint of insurance
enthusiasts, as all information about the game, including the
As a resident of Saudi Arabia, I was watching live FIFA World
lineup, schedule, and every minute detail, is constantly
cup Football match. The victory of Argentina against Saudi
reported on the news.
Arabia on the 22nd of November was highly anticipating and
kept us all on edge. While the statistics were in the favor of
So, what is Body Part Insurance?
Argentina, Saudi team shocked us all with the historic win,
In the event, if a body part is hurt, lost, disfigured, disabled,
breaking the 36 undefeated streak of Argentina which
or damaged, body part insurance is meant to make up for
started in 2019.
lost revenue. For instance, the Nightingale of India, Lata
Saudi Arabia's left-back Yasser Al-Shahrani will undergo Mangeshkar, insured her voice in the 1960s after a difficult
surgery in Riyadh after suffering a severe head injury during period.
his side's historic 2-1 World cup victory over Argentina.
The skill and precision of a sportsperson make all the
Unfortunately, just mere seconds before the huge win, brutal difference, and this was also true for boxing sensation
collision between Al-Owais and defender Yasser Al-Shahrani Vijender Singh. The athlete had to obtain insurance for those
caused Al-Shahrani to leave the field on a stretcher when Al- skilled hands given his degree of talent.
Owais leaped into the air to defend a shot and ended up
striking the defender from his own team in the face with his Priyanka Chopra, who is well-known in both Bollywood and
left knee and in the abdomen with his right leg. This incident Hollywood, has won many hearts with her kind smile and
made me think about the risks faced by players and how they beauty. She had her smile insured.

The Insurance Times December 2022 27