bs-preloader__icon
ru kz en

Lloyd`s Announced Insurers’ Loss From the Coronavirus

According to estimates of the world's largest insurance market Lloyd`s of London, the loss of insurance companies due to the pandemic of the coronavirus COVID-19 reached $203 billion, Kommersant writes.
Lloyd`s Announced Insurers’ Loss From the Coronavirus

More than half of the amount, $107 billion, will cover insurance indemnities for canceled events, forced business interruption, etc. Another $93 billion falls on investment losses due to lower asset values.

“These are losses of such proportions that none of us have seen throughout our lives ... I don’t think anyone could have anticipated the scenario when all customers worldwide suffer the same losses at the same time,” says Lloyd`s CEO John Neal. Taking into account only insurance indemnities, 2020 will be one of the most expensive for the insurance industry along with the years 2005 and 2017, which have been hit by large-scale hurricanes in the Caribbean, as well as 2001 with 9/11.

Lloyd`s estimates its own insurance payouts in the amount of $3 billion to $4.3 billion, and notes that the amount may be greater if the lockdown continues after the end of June.

Source: https://www.kommersant.ru/doc/4347927

Share
read also
Jay-Z, Downey Jr. and Will Smith supported a life insurance start-up
Jay-Z, Downey Jr. and Will Smith supported a life insurance start-up

San Francisco. Interfax - Not only professional investors, but also the stars of cine...

Life insurance has been issued parity. At the end of July 2019, annuity insurance was equal to life insurance
Life insurance has been issued parity. At the end of July 2019, annuity insurance was equal to life insurance

In July 2019, the total gross premiums of LICs increased compared to the same period ...

Why the life insurers’ clients make money despite the crisis and pandemic
Why the life insurers’ clients make money despite the crisis and pandemic

Every year Kazakhstani life insurance companies (LICs) add interest to the investors...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application