Just 16% Of Financial Services Companies See Coronavirus As Severe: Survey
March 18, 2020 by Press Release
A recent LIMRA and LOMA survey of financial services companies found that 91% have a pandemic stress scenario in place. In addition, 71% have assessed and quantified the potential impact on their key business in the event of higher mortality.
When it comes to the coronavirus outbreak, 39% of companies are looking at it as being similar in severity to a SARS-like (or moderate) pandemic. Another 26% see it as being more similar to a severe flu season. Only 16% of companies view coronavirus as having the potential to be a severe pandemic with higher mortality than either SARS or the flu due to mutation.