The spread of the COVID-19 (coronavirus) pandemic has put health authorities across the globe on high alert. The economic impact of COVID-19 is clearly going to be significant, with global growth in GDP for 2020 now expected to be only half that of the 3% originally anticipated (around USD 1.3 trillion dollars of lost economic activity). In this special ICMIF webinar, Tim Edwards of Willis Re and Robert Muir-Wood of RMS will discuss the (re)insurance implications of the global COVID-19 pandemic: which of the economic costs will be picked up by insurance? Which different lines of insurance are likely to pick up losses or be impacted by the “notifiable disease” exclusion? What will the magnitude of the protection gap (the proportion of the cost not refunded by insurance) be? The webinar will also look at whether pandemic is an insurable peril, and the opportunities for future (re)insurance market growth to strengthen societal resilience.

Presenters:

• Tim Edwards, Regional Director – Head of Catastrophe Analytics, Globals, Willis Re
• Robert Muir-Wood, Chief Research Officer, Risk Management Solutions (RMS)

To register for this webinar or for more information, please contact webinars@icmif.org.

To read our latest guest blog on The insurance implications of the coronavirus ‘catastrophe’  written by Tim Edwards and Robert Muir-Wood, please click here.