Business

Impact of Covid-19 on Insurance

Impact of Covid-19 on Insurance

Insurance

One of the industries of business that is possibly not impacted adversely in this period, could with a high possibility be the Insurance sector. The impact of covid-19 on insurance seems minimal.

Premiums on ABC – Aircrafts, Buildings and Cars would still be getting paid and more than any other period than ever. Other vehicles, ships, and all other insurance premiums are unlikely to have stopped.  The industry has probably had the least number of claims globally.  The least number of car accidents, lowest aircraft movement and possibly least building damage and property contract exchanges of all time. 

We will take a view from the insurance experts as the ‘new normal’ in the world we live in evolves.

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