Reinsurance Group Of America, Incorporated · NYSE:RGA
Reinsurance Group Of America — The COVID-19 Pandemic: Insights and Implications for Insurers (International Insurance Soc (May 2020)
11 slides from Reinsurance Group Of America's conference presentation, May 12, 2020
Slide 1: The COVID-19 Pandemic: Insights and Implications for Insurers
The COVID-19 Pandemic: Insights and Implications for Insurers Hosted by the International Insurance Society and The Institutes Daniel Zimmerman, M.D. Julianne Callaway Tim Rozar 12 May 2020
Slide 2: Research Highlights
Research Highlights Julianne Callaway, FSA, ACAS, MAAA Vice President and Actuary, Strategic Research
Slide 3: Challenges
Challenges Evolving landscape of data and expert guidance Procedural Changes Under-/Overcounting Government Interventions ▪ Limiting tests to hospitals ▪ Only counting hospitalized ▪ Societal changes impact ▪ Counting probable COVID-19 deaths mortality experience cases and deaths, not ▪ Dying from a
Slide 4: Research Approach
Research Approach Wide-Ranging Expertise Data ▪ Epidemiological ▪ Government data ▪ Actuarial ▪ Academic institutions ▪ Advanced analytics ▪ Scientific literature The COVID-19 Pandemic: Insights and Implications for Insurers 14
Slide 5: COVID-19 Mortality Rate by Age for Select Countries
COVID-19 Mortality Rate by Age for Select Countries 6.0 ▪ The COVID-19 mortality 5.0 rate is much higher (roughly 20 times greater) for people COVID-19 Mortality Rate 4.0 over age 60 compared those under age 60 3.0 ▪ The age shape of COVID- 19 mortality experience is very different from that of 2.0
Slide 6: All-Cause and COVID-19 Mortality Differences by Gender
All-Cause and COVID-19 Mortality Differences by Gender Gender Mortality Ratio, Age 40+ (Male Mortality Rate divided by Female Mortality Rate) ▪ The COVID-19 Gender 3.00 Mortality Ratio (GMR) is generally higher than the all- 2.50 cause GMR, suggesting that there is a bigger sex Gender Mortality Rati
Slide 7: COVID-19 Gender Mortality Ratios by Age Group
COVID-19 Gender Mortality Ratios by Age Group COVID-19 Gender Mortality Ratios, Age 60+ (Male Mortality Rate divided by Female Mortality Rate) ▪ Male COVID-19 mortality 4.0 experience is typically about 3.5 twice the COVID-19 mortality experience of females 3.0 Gender Mortality Ratio ▪ The differenc
Slide 8: U.S. COVID-19 Hospitalizations with Underlying Medical Conditions
U.S. COVID-19 Hospitalizations with Underlying Medical Conditions 70 60 57.7 ▪ According to the U.S. CDC, Percentage of Hospitalizations the majority of COVID-19- 50 50 related hospitalized patients 41.1 have an underlying medical 40 condition 32.5 30 ▪ Nearly 90% of 20.9 19.6 COVID-19-related hospi
Slide 9: COVID-19 Experience of Diamond Princess Passengers by Age Group
COVID-19 Experience of Diamond Princess Passengers by Age Group Experience of Diamond Princess Passengers by Age Group 60% 57% 4,000 The Diamond Princess cruise ship offers a rare opportunity to 51% 3,500 understand features of the virus 50% 45% that are hard to investigate in the 3,000 wider popula
Slide 10: Data Sources
Data Sources Country Source Date Italy Epicentro - Higher Institute of Health 4.23.2020 Netherlands National Institute for Public Health and the Environment 4.29.2020 South Korea Korea Center for Disease Control and Prevention 4.29.2020 Spain Ministry of Health, Consumption and Social Welfare 4.29.2
Slide 11: ©2020 RGA. All rights reserved.
©2020 RGA. All rights reserved. No part of this publication may be reproduced in any form without the prior permission of RGA. The information in this publication is for the exclusive, internal use of the recipient and may not be relied upon by any other party other than the recipient and its affili