Two months on from our first survey on the initial implications of the Covid-19 coronavirus pandemic for insurance and reinsurance markets, we wanted to poll the industry to gauge how opinions have moved and assumptions have changed.
The pandemic raises many questions and may shape the world’s markets and economy for generations to come. So it's useful to understand the potential insurance and reinsurance market implications from the point of view of those working in it. This survey is intended to capture an updated snapshot of this historic moment, create useful data to inform actions, and take the pulse of the market at this challenging time.
Our Reinsurance News publication now has more than 150,000 individual readers every month and including Artemis we estimate a peak-audience of over 200,000. To work with us to gauge market opinion, or discuss our advertising options please get in touch.
To begin, here are a few insights into the demographics of our reinsurance market survey respondents
As you'll see below, the majority of respondents have responsibility for, or provide input to, reinsurance and retrocession buying decisions
It is the underwriting side of the business that draws the most concern from our readers, while the majority expect the non-life portfolio to be the most affected by claims from the pandemic
We asked respondents how large they think the global non-life underwriting loss will be
Our next questions were related to the potential tail of the pandemic and how long it could take for the extent of claims from Covid-19 to be realised
We went on to ask our readers about their views on the pandemic's implications for business interruption wordings and the potential for BI legal action
Our final questions focused on asking our readers what they think of industry or government proposed backstops for pandemic risks, as well as whether there is another option
We hope you've found these updated insights into the insurance and reinsurance market implications of the Covid-19 coronavirus pandemic useful.
Please share our survey results with your colleagues and contacts to give them a glimpse into the sentiment of the global reinsurance market at this important time.
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