The coronavirus epidemic's impact on the insurance industry
Editorial by Hugh Terry
This month’s China in Focus sponsored by Swiss Re looks at the impact of the coronavirus crisis on insurance.
The in-depth looks at the impact the virus has had, not only on society and the world’s economy, but the insurance industry and its response to the crisis.
We have a Q&A with two insurance experts – Professor Paula Jarzabkowski, professor of strategic management, and Dr Eugenia Cacciatori, senior lecturer in management, both at Cass Business School in London.
Jarzabkowski is an expert in insurance and reinsurance, and Cacciatori has a specialism in pandemics. We ask how prepared the industry was for COVID-19, what the effect has been, and how this may shape the future of insurance.
We also take a look at some of the healthcare products launched – or extended – to cover customers in the wake of the spread of the virus.
Finally, taking a step back from the current pandemic, and looking elsewhere in our regular InsurTech analysis, we chart the development of pet insurance in China, through the experience of Pet City.
Enjoy the edition!
Applied Systems, a cloud-based solution provider has launched a new product in partnership with Geo Underwriting called Geo FlexiLet.
Humana Inc, a wellness company, and Validic, a health data solution provider, have teamed up to boost device connectivity
InsurTech Lami has launched a new application called Griffin Motor App targeting over 1 million drivers in Kenya.
Distribution-based InsurTech called Fetch! has launched a software application which allows underwriters to search relevant underwriting guidelines