Analysts at the Royal Bank of Canada said the coronavirus pandemic is expected to cut life expectancy in the UK by nine months, helping to reverse longevity trends.
Insurance stock analysts Gordon Aitken and Mandeep Jagpal’s estimates were based on data from the Institute and College of Actuaries. United Kingdom, as well as the data of insurance companies.
“Prolonged COVID may lead to COVID waves and ill health,” he wrote in a note to customers. “There can be second-order effects, such as late diagnosis and treatment of other conditions, and the effects of an economic downturn can be detrimental.”
He said the increased mortality rate would allow life insurers to release more funds that are set aside in reserves, increasing operating profit by 7.4 billion pounds ($9.8 billion) each year for the next five years, or 16%. , They said. RBC.
A June report by University College London epidemiologist Michael Marmot showed a 0.9 year reduction in life expectancy in England in 2020. Meanwhile, a British Medical Journal report said 28 million years of life were lost in 2020 in the 31 countries considered in the study.
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