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Covid-19: the biggest operational risk event of our times

As economies shut down and industries struggle with a new work paradigm, insurers are changing their structures to cope with the manifold challenges of the pandemic. Gustavo Ortega, head of technology, innovation and operations risk management at Voya Financial, talks to Sarfraz Thind about one of the biggest operational risk events in history

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Arch estimates Q1 coronavirus losses of $95m

Mortgage segment to take hit of up to $50m

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Fairfax warns of $1.4bn Covid-19 hit

The firm also posted large investment losses for Q1

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Covid-19 to 'wipe out' insurers' short-term projections

Insurers are also advised to be aware of liquidity risk arising from the crisis

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Covid-19 global recession forecast to be 'sharp but short'

Swiss Re expects real GDP to fall 3% in the US and 4.5% in Europe

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Coronavirus: insurance regulatory action tracker - UPDATED

The latest worldwide insurance regulatory responses to Covid-19 summarised

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Covid-19 turns insurance sector outlooks negative - UPDATED

InsuranceERM summarises the views of credit rating agencies for insurance sectors worldwide

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Tropical Storm Risk predicts above average hurricane season

Warmer than normal North Atlantic ocean temperatures are likely to play a part

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Retroactive Covid-19 legislation 'a mistake' - ERM expert warns

Willis Re's Dave Ingram discusses how insurers can best respond during the pandemic

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Retroactive BI liabilities for Covid-19 jump 13% for US insurers

Virus spread spurs APCIA to revise its estimates for potential business interruption damage