The analysis by Lloyd’s and the Cambridge Centre for Risk Studies said, another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period.
The impact would mainly be from disruption across global industries due to local lockdowns and worldwide travel restrictions, Lloyd’s said Wednesday.
The insurance industry has developed cover for new outbreaks of infectious diseases, for interruption and cancellation of events due to a pandemic, and for the development, storage and transit of vaccines, Lloyd’s said.