ARTICLE · 02 MARCH 2020

Coronavirus: Implications For The Insurance Industry

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The coronavirus disease (now known as COVID-19) was first reported in Hubei Province, China on 31 December 2019.

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The coronavirus disease (now known as COVID-19) was first reported in Hubei Province, China on 31 December 2019. On 30 January 2020, the World Health Organisation declared a public health emergency of international concern and is reporting cases around 50,000 globally, with deaths around 1500. Being zoonotic, the virus can be transferred between animals and humans and primary transfer is thought to be close contact or coughing and sneezing. At the time of writing, the Foreign and Commonwealth Office is advising against all travel to Hubei Province, and against all but essential travel to the rest of mainland China, but is not advising against travel to any other country/territory as a result of coronavirus risks.

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