Press Release

DBRS Morningstar Releases Commentary on Impact of Coronavirus Disease (COVID-19) on Pandemic Bonds

Insurance Organizations
March 03, 2020

DBRS Morningstar released a commentary entitled “Coronavirus Disease (COVID-19) to Trigger Pandemic Bonds” that discusses COVID-19’s expected impact on pandemic catastrophe bonds sponsored by the World Bank Group’s Pandemic Emergency Financing Facility (PEF).

The key highlights include:
(1) The International Bank for International Reconstruction and Development established the PEF in 2017 to provide complementary funding for developing countries to cope with pandemics;
(2) Pandemic bonds will likely be triggered in the current COVID-19 outbreak, given latest mortality data; and
(3) Market correlation and perceived cost versus the decision to invest in preventive measures within target countries will affect the future of pandemic bonds.

The commentary is available at

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