Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has today published its latest systemic risk scenario highlighting that the global economy could be exposed to potential losses of $13.6 trillion USD over a five-year period from the threat of a hypothetical future human pandemic.
The global economic losses across the three severity levels modelled under the scenario range from $7.3 trillion in the least severe scenario to $41.7 trillion in the most extreme, equivalent to a reduction in global GDP of between 1.1% and 6.4%.
This is the sixth scenario produced by Lloyd’s Futureset and the Cambridge Centre for Risk Studies, which aims to equip risk managers, insurers and policymakers with data-based insights to aid effective preparation against the most significant risks facing society today.
FULL ORIGINAL PUBLICATION HERE
