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Global Insurance Market and Change

13


Page 374

Pandemics and Insurance

Gary Meggitt

Introduction


Page 375

“A pandemic is inevitable.” Those were the opening words of the Lloyd's of London report “Pandemic: Potential insurance impacts” published in May 2008.1 It referred to several pandemics of the past, including the 1918 influenza outbreak, and others of the (then) future.2 The potential threats included a SARS variant albeit the greatest danger was perceived to be from influenza or MRSA. The report then discussed the measures in place to deal with such future pandemics; their consequences for society, the economy and the insurance industry; and concluded:

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