News

Insurance market remains ‘resilient’ despite $25bn Covid-19 hit

By 2020-08-25T09:41:00

Resilience

Data and analytics company Hyperion X says that losses from the coronavirus pandemic are more of an earnings event, rather than a capital event that will affect insurers’ solvency positions

Research from Hyperion X, the data and analytics division of Hyperion Insurance Group, has found that losses arising from Covid-19 are “best described as an earnings event, not a capital event for the insurance sector”. 

David Flandro, managing director of analytics at Hyperion X, said that Covid-19 losses could be one of the largest loss events the insurance market has ever suffered, but reiterated that they remain “manageable” for insurers.

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