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OECD: Insurance sector responses to COVID-19 by governments, supervisors and industry

Executive summary :

The spread of COVID-19 and the measures implemented to reduce its transmission are having (and will continue to have) significant impacts on the (re)insurance sector, as investors, as providers of insurance coverage and as businesses that will need to adapt their approaches to service delivery.

 The Digital Insurer reviews OECD’s Report on Insurance sector responses to COVID-19 by governments, supervisors and industry

The impact of COVID-19 requires business to adapt service delivery 

This report provides an overview of the measures that governments, insurance regulators and supervisors and insurance associations and individual companies have taken to respond to COVID-19 across three main areas:

  • ensuring continuity of operations;
  • managing solvency and liquidity risks; and
  • providing support to policyholders that have been adversely affected by the COVID-19 public health emergency.

See the full report for more…

Link to Full Article:: click here

Link to Source:: click here

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