Lloyd’s, specialist re/insurance market, for the second time has managed to predict the winner of the FIFA World Cup correctly.
A month back it had predicted that France would win the 2018 FIFA World Cup based on insurable value and it came true on July 15.
In 2014, similar analysis was undertaken by Lloyd’s and Cebr ahead of the 2014 FIFA World Cup which correctly predicted that Germany would be victorious.
France beat Croatia 4-2 in Moscow on July 15 to become world football champions for the second time in their history.
Back in June Lloyd’s had sent out a statement predicting that France would will win the World Cup.
When asked why Lloyd’s and Cebr have embarked on the analysis, a Lloyd’s spokesman said, “It’s just a bit of fun, really.”
Lloyd’s had based its prediction on research conducted in collaboration with the Centre for Economic and Business Research (Cebr), which estimated the collective value of all teams in this year’s tournament at £13.1 billion.
France’s insured team value was the highest among the most expensive teams in terms of insurable value at £1.4 billion, followed by England (£1.17 billion) and Brazil (£1.1 billion).
Cebr used players’ wages and endorsement incomes, alongside a collection of additional indicators, to construct an economic model which estimates players’ incomes until retirement.