At big life reinsurers, U.S. claims have averaged about $5 million to about $25 million per 10,000 COVID-19 deaths reported for the entire U.S. population, according to the analysts.
RGA could be facing $15 million to $25 million in claims per 10,000 U.S. population COVID-19 deaths, the analysts estimate.
Even at RGA, however, 2020 COVID-19 claims amounted to only about 6% of net premiums earned, and all of the life reinsurers were profitable in 2020, the analysts say.
Author(s): Allison Bell
Publication Date: 21 April 2021
Publication Site: Think Advisor