Currently, COVID-19 is spreading like wildfire and leaving behind its deadly impact across the world. IMF has already predicted the contraction of the world economy in 2020 by 3% as compared to nearly 2.3% GDP growth in 2019. Some experts are projecting one of the worst recessions the world has ever seen. This would have…
As the COVID-19 situation unfolds, governments around the world have a responsibility to look after their people, and most are doing exactly that with the resources they have at hand. Apart from government bodies and healthcare establishments, in unforeseen circumstances such as this involving loss of lives or jobs and the collapse of entire businesses, people are…
In India, health and general insurers have been rolling out focussed health covers against Covid-19 in recent weeks The demand for insurance could see a significant rise with the government lockdown and coronavirus pandemic. Analysts said past experience with Severe Acute Respiratory Syndrome (SARS) and Middle East Respiratory Syndrome (MERS) has indicated that demand for…
Our analysis of previous epidemics suggests a sharp rise in demand for term and health insurance policies during these periods. It is difficult to quantify the rise in premium volumes due to Covid-19 as the intensity and spread of this pandemic in India remain unclear. Life and health insurance companies will likely be the key…