TPRE - 2020 May See Record $160bn+ Losses Depending On Covid Hurricanes: GC
Insurance and reinsurance market losses from catastrophes and the Covid-19 pandemic already look set to reach somewhere from $100 billion to as much as $160 billion, according to broker Guy Carpenter.
The total industry loss in 2020 could even be higher if the Atlantic hurricane season proves particularly expensive for the insurance and reinsurance market this year.
The size of the Covid-19 market loss is the other driver of total industry catastrophe losses for 2020, with estimates still having a wide range for the eventual impact across both non-life and life segments.
Analysts from investment