COVID-19 ups pressure on world resilience as global insurance protection gap reaches new high, Swiss Re Institute indices show

• COVID-19 is expected to weaken world economic resilience by nearly 20% in 2020 as countries' fiscal and monetary headroom is depleted, Swiss Re Institute's annual Macroeconomic Resilience Index shows
• Among major economies, resilience in the UK, Japan and the US may be hardest hit, but they should still rank higher than many European countries
• The combined insurance protection gap for mortality, health and natural disaster risks is calculated as reaching a new high of USD 1.24 trillion

The COVID-19 pandemic is expected to reduce global macroeconomic resilience by about 20% in 2020 from 2019 levels as stimulus packages deplete countries' fiscal and monetary buffers around the world. According to the latest annual Swiss Re Institute resilience indices, the UK, Japan and the US will experience the greatest falls in resilience among major economies. Switzerland, Finland and Canada remain the world's three most resilient countries, reflecting their comprehensive economic strength against future crises.

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