A Resilient Future
Insights into a world impacted by COVID-19
The world is evolving faster than ever. Communities and businesses are disrupted by the pandemic, accommodating new norms and adapting to challenges prompted by urbanization, climate change, new technologies, remote working and evolving global supply chains. While the world is adjusting to these intertwined issues, what risks are economies and industries facing?
In this series – “A Resilient Future”, Peak Re identified trends and topics relevant for the re/insurance industry in the post-COVID-19 era. We will discuss how the industry can work together to analyse the new risk landscape, consider the vulnerabilities, assess the protection gaps and build resilience with insurance.
What will the future hold for life and health insurers?
COVID-19: What will the future hold for Life and Health Insurers?
How societies can move forward in the fight against COVID-19? This article will cover the drive to mass vaccination, the health impacts of COVID-19, and implications on survivors of the illness. Many of these factors will have ramifications on the Life Health insurance industry. In particular, the pandemic has given way to a multitude of developments, including opportunities to further evolve and create new insurance products, and the means by which they are distributed. Insurance is fast adapting to the challenges posed by the pandemic through embracing digitalization, integrating telemedicine in its value chain, and exploring the use of internet of things (IoT) to add value.