How COVID-19 insured losses map across to company exposures

Investment bank analysts have calculated and explained how the huge insured losses from COVID-19 are likely to pan out for the industry, particular companies and lines, and are affecting already firming prices. Intelligent Insurer reports.

​“Our sense is that the main risk falls on non-US property lines, where we understand around 50 percent of policies embed BI that could cover infectious diseases.” Jonny Urwin, UBS analyst.

· Estimates for insured losses rise substantially on back of bellwether figures
· Business interruption of $7bn to $22bn losses remain "wild card"
· Non-US property flagged as vulnerable to COVID-19 BI claims
· SME hit will mean above market share loss for London Market, data finds

Coronavirus continues to show us just how vulnerable our global economy is, as re/insurers assess potential claims around the world.