Dear All,
Good afternoon, hope Monday has gone well for everyone.
Today I’d like to share some insight on the total running costs associated with Covid-19, approximately $24.9bn USD, for both insurers and reinsurers. This is further broken down in the following link:
Reserves can be can be estimated at a granular or aggregated level, depending on the data source. However, much of the industry still employs aggregated, triangle-based reserves. Due to the persistent impacts of COVID-19 we need to consider leveraging data collection to estimate our reserves more granularly. This is achieved by rethinking our data ecosystem. If you’d like to understand this further, feel free to contact us to find out how our GenieUs ecosystem helps drive data strategy.
Best regards
ARGenesis Management Consultancy