- Joined
- Feb 26, 2019
- Messages
- 12,449
- Points
- 113
1. If a person dies from KungFlu virus, does insurance pay, or is it act of God or fall under some cunning insurance contract exemptions that insurance companies can avoid liability?
2. With KungFlu virus killing so many people now and probably even more within the next 6 months to a year, can global insurance companies like AIA, Prudential cope with with the amount of death claims?
From Jan to Mar 2020, global KungFlu virus deaths is already hitting about 10,000. Italian death tolls have already exceeded China today. I am sure it will continue to multiply exponentially when US , rest of Americas, rest of Europe hit their peak stage of KungFlu.
Does insurance companies' business model cater for such high number of KungFlu death claims within a relatively short period of time?
3. Are most of the investment portfolio of insurance companies in shares and equity? If so, with the stock market collapsing, how are they going to cope with KungFlu death payouts in the next few years?
4. Is there a possibility that a major global insurance company will go under as this KungFlu virus drags on for a year or so?
2. With KungFlu virus killing so many people now and probably even more within the next 6 months to a year, can global insurance companies like AIA, Prudential cope with with the amount of death claims?
From Jan to Mar 2020, global KungFlu virus deaths is already hitting about 10,000. Italian death tolls have already exceeded China today. I am sure it will continue to multiply exponentially when US , rest of Americas, rest of Europe hit their peak stage of KungFlu.
Does insurance companies' business model cater for such high number of KungFlu death claims within a relatively short period of time?
3. Are most of the investment portfolio of insurance companies in shares and equity? If so, with the stock market collapsing, how are they going to cope with KungFlu death payouts in the next few years?
4. Is there a possibility that a major global insurance company will go under as this KungFlu virus drags on for a year or so?
