The Covid-19 crisis will cost the global insurance industry dearly.
At the end of June, the total bill of insurers and reinsurers (insurers of insurers) was estimated at between 35 and 50 billion dollars by the rating agency S&P Global Ratings.
Some activities are particularly affected by the pandemic.
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This is the case for event cancellation, mortgage insurance (especially in the United States), credit insurance (covering companies against the risks of their customers' default) and, in a to a lesser extent, business interruption and the aviation sector.
On the other hand, car insurance and insurance covering the risks of death should remain less sensitive to the effects of the pandemic.
But these estimates are provisional and the final score related to Covid-19 promises to be much higher for the entire insurance industry.
“It could be more than 50 billion dollars
, confirms Marc-Philippe Juilliard,
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