Ireland's Association for Adventure Tourism (IAAT) and insurance broker Arachas have announced a new insurance scheme as its members look to reopen over the summer.

IAAT said it has been working on sourcing a long-term insurance solution for its members since last autumn "when the situation reached crisis point as the only insurance providers to the sector exited the market".

It said the solution was devised with IAAT members, who worked in partnership with Arachas.

Arachas specialises in insurance schemes for groups of businesses that find it hard to source cover.

CEO Brendan Kenny said IAAT members "can now move forward in confidence in offering their exciting, world-class experiences, particularly as the country seeks to come out of the Covid-19 crisis".

Arachas said it has successfully operated similar schemes in other industries recently in the Irish market - including for childcare facilities - also in a situation where other providers left the market.