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Munich Re’s COVID claims persisting beyond expectations: Jefferies

July 14, 2022

Analysts at Jefferies have reported that Munich Re’s COVID-19 claims on the life reinsurance side of its business have lasted far longer than anticipated, contrary to the market’s initial views.

At Munich Re’s recent management meetings, a key discussion point was the ongoing impact of COVID claims to the reinsurer’s life business, although Jefferies notes that the trend does seem to finally be improving.

One of the critical areas of uncertainty for catastrophe modellers and life reinsurance underwriters is the calculation of the correct return period for an emerging coronavirus, the firm highlighted in a new report.

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