{"id":26405,"date":"2020-06-12T11:11:59","date_gmt":"2020-06-12T11:11:59","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=26405"},"modified":"2020-06-12T16:22:09","modified_gmt":"2020-06-12T16:22:09","slug":"largest-loss-on-record-for-insurance-industry","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/editors-choice\/largest-loss-on-record-for-insurance-industry\/","title":{"rendered":"Insurance is losing"},"content":{"rendered":"<p>COVID-related losses to the insurance sector are expected to be the largest to date.<\/p>\n<p><!--more--><\/p>\n<p>Coronavirus-related losses to the insurance sector are expected to be the largest to date, according to\u00a0British insurance and reinsurance\u00a0Lloyd\u2019s of London.<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2020\/05\/14\/lloyds-of-london-coronavirus-will-be-largest-loss-on-record-for-insurers.html?utm_source=morning_brew\" target=\"_blank\" rel=\"noopener\">Reporting from CNBC states<\/a> that, in a broader economic assessment report on the impact of Covid-19 for the non-life insurance industry, Lloyd\u2019s estimated that the 2020 underwriting losses covered by the industry will hit $107 billion.\u00a0Lloyd\u2019s of London CEO John Neal told CNBC Thursday that any form of lockdown extending beyond the second quarter would likely result in between $1 billion and $2 billion more claims on top of its current $4.3 billion estimate.\u00a0\u201cI don\u2019t actually think we will really know the full cost of Covid-19 maybe for up to two years,\u201d Neal told CNBC\u2019s \u201cStreet Signs Europe.\u201d\u00a0\u201cSo at the moment, we are involved in insuring the clinical trials for the vaccine, so there are over 70 trials taking place as we speak, right up to ideas to saying \u2018how do we solve the second wave of the pandemic?\u2019\u201d he explained.<\/p>\n<p>\u201cIn addition, unlike other events, the industry will also experience falls in investment portfolios of an estimated $96bn, bringing the total projected loss to the insurance industry to $203bn,\u201d the report adds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>COVID-related losses to the insurance sector are expected to be  [&#8230;]<\/p>\n","protected":false},"author":8,"featured_media":26406,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1069],"tags":[99,1385,3713,571],"class_list":["post-26405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editors-choice","tag-ceo","tag-ceo-northam","tag-insurance-industry","tag-losses"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/26405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=26405"}],"version-history":[{"count":5,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/26405\/revisions"}],"predecessor-version":[{"id":26589,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/26405\/revisions\/26589"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/26406"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=26405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=26405"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=26405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}