- Swiss Re report: COVID-19 could cause prolonged peacetime excess mortality, with US and UK rates up to 3% and 2.5% higher by 2033.
- Key drivers include COVID-19’s direct and indirect impacts, especially on cardiovascular health.
- Reducing COVID-19’s effect on vulnerable populations is crucial.
- Optimistic scenarios depend on medical advancements and healthier lifestyles.
- Insurers must adapt to manage increased risks.
Mon Sep 16 08:26:53 -2024 UTC– A report by Swiss Re indicates that COVID-19 could cause prolonged excess mortality, potentially up to 3% in the US and 2.5% in the UK by 2033.
The primary cause is the lasting impact of COVID-19, including direct deaths and contributions to cardiovascular mortality.
Addressing COVID-19’s impact on vulnerable populations is crucial to reducing excess mortality. Insurers need to adapt to these shifts in mortality trends to manage risks effectively.
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