Losses
Covid-19 event cancellation losses will reach up to $8bn: UBS
In recent days, a host of major sporting competitions have been cancelled or postponed
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ID Comment: The worst is yet to come for Covid-19 claims
The industry has some clarity regarding exposures in certain classes but the virus’s impact on many lines of business remains clouded by uncertainty
Covid-19 Claims: Broad business interruption wordings may prove costly for UK insurers
Covid-19 has highlighted the need for clarity regarding BI coverages in property policies
NOAA expects ‘above-normal’ 2020 hurricane season
Other forecasting agencies are also predicting an active hurricane season
Most insurers can withstand pandemic: AM Best
Life and health insurers most sensitive to Covid-19 disruption
Lloyd’s Covid-19 reinsurance recoveries to be lower than US hurricanes
Lloyd’s expected to pay between $3bn and $4.3bn to cover losses from the pandemic
Axa XL forecast to incur €1.3bn of Covid-19 losses
Preliminary estimate from Berenberg analysts includes limited business interruption impacts
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