Tag: Insurance loss estimates for COVID-19 raised to $60bn

Insurance

Insurance loss estimates for COVID-19 raised to $60bn

By Ahmad Zaki Analysts from investment bank UBS have added 50% to their estimate for the eventual insurance and reinsurance industry loss from the COVID-19 pandemic, now in the range of $30bn to $60bn. The bank initially estimated losses of around $22bn and $42bn, across both insurance and reinsurance. However, […]