football_istock-545442016_manuel-f-o-
iStock/ Manuel-F-O
16 July 2018Insurance

Lloyd’s correctly predicts World Cup result for second time

Specialist re/insurance market Lloyd’s has correctly  predicted that France would win the 2018 FIFA World Cup based on insurable value.

France beat Croatia 4-2 in Moscow on Sunday, July 15 to become world 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.

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).

It is the second consecutive time that Lloyd’s predicts the World Cup winner. 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.

Cebr used players’ wages and endorsement incomes, alongside a collection of additional indicators, to construct an economic model which estimates players’ incomes until retirement.

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

London insurtech iXledger unveils blockchain insurance

Tokio Marine Kiln partners in marine automation push

UK insurance gender pay gap at 24%

Zurich taps Allied World exec for new MGA leadership role

Beazley takes part in £2.3m Digital Risks funding round

Coface appoints new LatAm CEO from Swiss Re

HDI UK taps Allianz property head to drive international business

UK motor premiums fall for fourth consecutive quarter: WTW

Brown & Brown buys Arkansas-based CSI Insurance

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
12 June 2018   Specialist re/insurance market Lloyd’s has predicted that France will win the 2018 FIFA World cup based on insurable value.
Insurance
11 June 2018   With high security risks and exposures in the hundreds of millions, the London insurance market will play a crucial role in insuring the 2018 FIFA World Cup, according to Lloyd's insurer Beazley.