DBRS Morningstar Releases Commentary on Impact of Coronavirus Disease (COVID-19) on Life Insurers

DBRS Morningstar released a commentary entitled “Coronavirus Disease (COVID-19) Impact on Life Insurers More Likely to Result from Adverse Market Movements than Increased Claims” that discusses the major ways DBRS Morningstar expects coronavirus to affect the life insurance industry.

The key highlights include:
(1) The impact on insurance claims is expected to be manageable, given the relatively low mortality rate for infected individuals;
(2) The adverse reaction of financial markets to the coronavirus outbreak may affect insurers' profitability, including earnings generated from their investment portfolios; and
(3) Insurers operating in higher-risk countries are seeing some disruption in their day-to-day operations, which will likely have an impact on revenues.

Notes:
The commentary is available at www.dbrs.com.

For more information on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

DBRS Limited
DBRS Tower, 181 University Avenue, Suite 700
Toronto, ON M5H 3M7 Canada