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Coronavirus news

Coronavirus news coverage of relevance to reinsurance and insurance markets.

All of our Covid-19 coronavirus news, analysis and insight related to insurance and reinsurance market impacts can be found below.

The coronavirus Covid-19 pandemic of 2019-20 resulted in significant disruption and threatened losses widely across the insurance and reinsurance markets.

Coronavirus highlights lack of cover for outbreak-related BI

29th January 2020

Experts have said that global companies are expected to be faced with billions of dollars of losses as a result of disruptions caused by the new coronavirus in China, reports Reuters. The large majority of insurance claims from the new coronavirus in China are expected to be from businesses, most notably ... Read the full article

Coronavirus a low-risk threat for AIG, says Credit Suisse

29th January 2020

The potential impact of the Coronavirus on insurer AIG appears to be fairly low despite the company’s considerable exposure to pandemic risk and its high share in the Chinese P&C market, according to Credit Suisse. However, analysts cautioned that they were “not highly confident” in their assessment, given AIG’s evolving global ... Read the full article

Too early to understand China coronavirus threat, Swiss Re CEO explains

24th January 2020

The emerging outbreak of a previously unknown coronavirus in China is still in its early stages and data remains scarce making it challenging to understand how large a threat the virus could be, Swiss Re CEO Christian Mumenthaler explained recently. Speaking during an interview with Bloomberg TV at the World Economic ... Read the full article

Top reinsurers’ exposure to Wuhan coronavirus, Asia pandemic analysed

23rd January 2020

With official numbers of the Wuhan coronavirus currently standing at 585 confirmed infected and 17 dead, Morgan Stanley analysts have detailed the extent to which the top four European global reinsurers are exposed to pandemic risk in Asia. As of 2018, Munich Re wrote €2.3 billion in premiums in Asia via ... Read the full article

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