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Covid-19 variant 1st reported in India threatens to rapidly spread in sub-region: UNHCR

“. ,“We are particularly worried about the situation in the Asia and Pacific region, which in the past two months has experienced the largest increase in the number of cases globally.The highly infectious variant of the virus which first emerged in India threatens to rapidly spread in the sub-region, including among refugee populations.Over this period, there have been some 38 million recorded Covid-19 cases and more than half a million deaths, the UNHCR spokesperson said.” United Nations High Commissioner for Refugees (UNHCR) spokesperson Andrej Mahecic said

Covid-19 claims cost life reinsurers billions

The biggest costs for life reinsurers came from the US and to a lesser extent the UK and Canada but claims from other countries including South Africa and in Latin America added to the costs. Life reinsurers only have limited exposure to India.
BI estimates Swiss Re accounted for around 35% of claims followed by Reinsurance Group of America on 27% but the decline in deaths should mean much lower claims for the second half of the year.

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