Reported about 23 hours ago
Lloyd's of London has projected that a future pandemic could lead to economic losses of $13.6 trillion over five years, primarily due to disruptions from lockdowns and travel restrictions. Their analysis indicates that the most severe impacts could result in losses of up to $41.7 trillion, severely affecting global GDP. The report highlights the ongoing effects of the COVID-19 pandemic, including legal disputes over insurance coverage, and notes the emergence of new insurance products for infectious disease outbreaks.
Source: YAHOO