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Accenture: COVID-19: Navigating the human and business impact on insurance carriers

Executive summary :

The COVID-19 pandemic is a global health emergency on a scale not seen in generations. Already it has disrupted the global economy and thrown the future of billions into doubt.

 The Digital Insurer reviews Accenture’s Report on COVID-19: Navigating the human and business impact on insurance carriers

COVID-19 has disrupted the global insurance industry

The crisis is hitting the insurance industry more universally and faster than previous pandemics and economic shocks. Operational costs are rising due to crisis management, while premiums shrink in many lines of business. New business in motor insurance, for example, is declining as people drive less due to social distancing.

Investment returns are also under pressure due to volatility in financial markets.

See the full report for more…

Link to Source:: click here

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