The coronavirus outbreak has been creating increasing concern and economic difficulty for consumers, businesses and communities alike.

1. HOW IS COVID-19 IMPACTING THE
INSURANCE INDUSTRY

2. For claims, large commercial
policies must prove damage to
property. Or epidemic or
pandemic coverage must be
included in coverage
BUSINESS INTERRUPTION
POLICIES
P&C POLICY TYPES IMPACTED BY
COVID 19

3. Travelers cancelling trips due to
COVID 19 will try to get their
expenses covered, but will
mostly find themselves without
a recourse to insurance
TRAVEL INSURANCE
P&C POLICY TYPES IMPACTED BY
COVID 19

4. Most events will not find cover
for COVID-19. The ones that have
will create a significant impact
on how this insurance will shape
up in the future
EVENT CANCELLATIONS
P&C POLICY TYPES IMPACTED BY
COVID 19

5. There may be significant upturn
in customers advising of their
inability to pay debts, as and
when they become due,
increasing the number of claims
TRADE CREDIT
INSURANCE
P&C POLICY TYPES IMPACTED BY
COVID 19

6. Disruption or delay in the
receipt of products,
components, or services from a
named supplier or supply could
disrupt the supply chain process
skyrocketing claims
SUPPLY CHAIN
INSURANCE
P&C POLICY TYPES IMPACTED BY
COVID 19

7. Transparency in communication
FACTORS INSURANCE COMPANIES WITH BE
EVALUATED ON DURING COVID 19
Efficiency in managing the rising
volumes of customer requests and
claims
Ability to derive valuable intelligence
from existing business policies and
make new business products
Does the agility and technology
capabilities of the workforce meet the
rising demand
Ability to keep data secure while
providing a significant access to core
systems

8. Build a platform and
technology to face future
crises
Reinforce the trust of
customers by providing being
transparent coverage and
communication
Revisit denial of coverage,
create more innovative
business insurance products
HOW INSURERS MUST RESPOND (AFTER
WHAT’S AFTER COVID 19 FOR INSURERS?)

9. THANK YOU