Tuesday, 31 March 2020

COVID Effect on Insurance Sector

The coronavirus pandemic has changed the way I have lived and seen life, with consequences for the industry. I pray every day for peace, but I would admit that the world no longer feels comfortable with me. This is a provocative question that has occupied me ever since I heard the news of the dissemination. 
I remember a baby turning on her laptop and affecting the screen, and I remember turning it off and having to talk to her about how business disruptions and insurance will affect her. Yesterday, the federal government ordered us all to stay at home, stay safe and stay in our homes, but how will that affect our business and the disruption of insurance? 
The number of deaths from this pandemic is increasing by the day and insurance companies should be prepared for an increase in deaths and medical damage. What effect does this have on your home contents insurance and should your insurer prepare for it? 
Covid 19 could lead to an increase in pandemic deaths, increased unemployment and a reduction in family health costs. 

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