insurance industry

How Is COVID-19 Impacting the Insurance Industry?

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…

insurance industry

Covid-19 pandemic to lead to greater demand for insurance

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…

Health Insurance

Covid-19’s impact on Insurance: Demand for health and life plans set to spike

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…