In case you missed the Lloyd’s Lab Spotlight Presentation previewing some of Praedicat’s work as part of Cohort 5, you can watch the full video here. Our CEO, Robert Reville, describes our take-home COVID-19 scenario, provides quantitative estimates and additional drivers of COVID-19 tail risk, and considers estimates of cross-line clash.
Watch the full video here.
“As with much casualty risk in the United States, COVID-19 liability has low expected loss, and potentially extreme tail loss. Praedicat has been working on scenarios of tail loss for COVID-19 liability, applying models based on previous mass litigation events to the risk of COVID-19. Significant tail risk for the insurance industry could result from a “take-home COVID-19” scenario similar to take-home asbestos. If it emerges, the losses would have a broad industrial footprint across essential industries, and would also bring significant risk of cross-line clash to D&O and workers’ compensation.”
Missed our webinars about emerging risks and COVID-19? Watch the first and the second episode of Coffee with Bob, the Praedicat-Intelligent Insurer webinar on the future of risk management, and the first Carrier Management ExecTalk featuring Praedicat, now!
Have questions? Get in touch with one of our Account Manager team members.