All tagged Covid Impact Report
The industry is forecast to improve over the next five years, as local and global economies are projected to record stronger growth. Interest rates are expected to rise too, which will likely boost investment income for insurers. The industry includes general insurers and reinsurers. General insurers underwrite insurance policies to cover individuals and businesses' financial loss associated with property, casualty, liability and other risks. Underwriting involves assuming risks and assigning premiums. ]
This in-depth 28+ page report takes a deep dive into 18 different industries, looking at how they have been impacted differently by the Covid-19 global pandemic, and what industries can do as we enter the recovery and regeneration phase. Source: IbisWorld. Note: This is based on Stage 4 Restrictions.
We take a closer look at the changes affecting countries across the world as we emerge from the changes caused by Covid-19. Source: Frost & Sullivan 9 Critical Trends Reshaping all Industries Post-COVID, 2020
We take a closer look at the impact of Covid-19 on household consumption and spending. Data shows that the household saving ratio hit heights not seen since the early 1970s. Reasons include: Precautionary, Investment or retirement, First home, Reduce loans.
Covid-19 has created several consumer segments as a result of varying attitudes. Concerns are centred around health, the economy (including income and unemployment), and climate change which is still a prominent issue. 80% are not willing to return to life as it was, driven by ongoing concerns about health and finances but also as a result of rethinking and resetting priorities.
