Catastrophe Risks
For Businesses Coping with COVID-19, Varying Responses Add Complexity
As businesses cope with the COVID-19 pandemic and move toward reopening, the management of the process-and the risks involved-can vary significantly from country to country. A panel of risk managers noted that different pandemic responses employed by various countries add complexity to the process. Read More
Analysis Sees US, UK Insurer COVID-19 Losses Exceeding $32 Billion
A "moderate" loss scenario for property-casualty insurance lines most likely to be affected by COVID-19 in the US and UK markets could reach $32 billion, according to an analysis by Willis Towers Watson, while a "severe" scenario projects $80 billion in losses. Read More
May "CICR" Looks at Risk Management, Captive Implications of COVID-19
Don't miss the May issue of "Captive Insurance Company Reports" ("CICR"), in which John Thomson, "CICR" editor, discusses the ramifications of the novel coronavirus (COVID-19) and the risk management implications, including a role for captives. Read More
Analysis Says COVID-19 BI Losses Dwarf Insurance Industry Premiums
An updated analysis suggests that monthly COVID-19-related business interruption (BI) losses for US businesses with fewer than 500 employees could range as high as $668 billion per month. Those numbers dwarf the premiums for commercial property risks in the key insurance lines which are estimated at $4.5 billion per month. Read More
COVID-19 Pandemic's Economic Fallout Will Test Cyber Insurance Market
While property-casualty insurers continue to view cyber insurance as an attractive growth opportunity, economic fallout from the COVID-19 pandemic will test the US cyber insurance market, according to Fitch Ratings. The economic fallout from COVID-19 will likely affect recent premium revenue trends and the industry's claims experience. Read More