NEW YORK, May 1 — Insurance broker Willis Towers Watson today estimated general insurance losses between US$32 billion (RM138 billion) and US$80 billion across key classes in the United States and UK from the novel coronavirus, surpassing claims from the 9/11 attacks. A report by the broker...
Friday, 01 May 2020 07:53 PM MYT
NEW YORK, May 1 — Insurance broker Willis Towers Watson today estimated general insurance losses between US$32 billion and US$80 billion across key classes in the United States and UK from the novel coronavirus, surpassing claims from the 9/11 attacks. An “optimistic” scenario or a return to a pre-Covid-19 state following three months of social distancing, would mean US$11 billion of insured losses, while a “moderate” scenario, a gradual return following six months of social distancing, would mean a bill of US$32 billion to insurers.
Willis also said it has modelled an extreme pandemic scenario, which could result in US$140 billion of losses.
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