Coronavirus epidemic impact on China’s non-life market likely to be limited


Global rating agency AM Best expects China’s non-life insurance market to experience limited losses from the ongoing coronavirus outbreak, due to factors including the central government’s announcement to undertake all medical expenses related to the 2019-nCoV diagnosis and treatment, coverage exclusions, and the lack of claim triggers for business interruption risks under typical property policies in China.

AM Best, Coronavirus, Non-life Insurance, Insurance, Reinsurance, China

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