HVRRF - COVID-19 Macro-Economic Hit The Main Property Reinsurance Driver: Aon
For the property reinsurance marketplace, the impacts of the COVID-19 coronavirus pandemic are expected to be largely driven by macro-economic factors, although some specific contracts could be at-risk of legislative efforts around inclusions, according to Aon (AON).
In a client briefing seen by Artemis, Aon explains that property reinsurance contracts would be largely expected to follow the fortunes of cedents, rather than being exposed specifically to any particular impact of the COVID-19 pandemic.
While there is a great deal of uncertainty over the potential for business interruption claims to be forced into property insurance contracts,