The Covid-19 pandemic has resulted within the well being vertical rising as an necessary space.
Kolkata:
The COVID-19 pandemic has disrupted enterprise fashions of insurance coverage corporations, which have seen degrowth, IFFCO-TOKIO General Insurance mentioned on Saturday. “In a situation like this when everything is uncertain, insurance has become critical. The pandemic has disrupted all businesses models,” MD and CEO of IFFCO-TOKIO Anamika Roy Rastrawar mentioned.
All insurers have seen a degrowth within the months of April and May as a result of coronavirus lockdown, she mentioned at a webinar organised by MCCI.
Ms Rastrawar mentioned whereas motor insurance coverage had been the largest line of enterprise for common insurers, the pandemic has resulted within the well being vertical rising as an necessary space.
“The motor insurance business was 42 per cent followed by health at 23 per cent in 2019-20,” she mentioned, including, medical health insurance will overtake motor inside a brief time frame.
Discover more from News Journals
Subscribe to get the latest posts sent to your email.
