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How insurers will pay for COVID-19

Writing for the Financial Services Faculty, Vincent Huck looks at what coronavirus could cost the insurance industry.

The old adage ‘Insurers don’t pay out’ might resonate some truth in times of COVID-19.  

As of 02 September 2020, the pandemic has claimed 857,448 lives globally according to statistics from the European Centre for Disease Prevention and Control, many have been admitted in hospitals, beyond the human cost business has been disrupted, events and travels cancelled.