The economic impact of COVID-19 (coronavirus) 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 webinar, Tim Edwards and Dave Ingram of Willis Re and Robert Muir-Wood of RMS discuss the (re)insurance implications of the global COVID-19 pandemic: which of the economic costs will be picked up by insurance and what factors are important in determining the level of coverage? What will the magnitude of the protection gap (the proportion of the cost not refunded by insurance) be? The webinar also looks 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
- Dave Ingram, Executive Vice President, Head of Willis Re ERM Advisory, Willis Re
- Robert Muir-Wood, Chief Research Officer, Risk Management Solutions (RMS)
