Implications of COVID-19 on P&C Insurers
Our panel discussed the current and potential long-term impacts of COVID-19 on the P&C insurance industry.
Participants gained an understanding of the following impacts of COVID-19 on the insurance industry: coverage challenges (pricing, claims volume, cost vs. exposure), legislative updates, reinsurance market, and long-term impacts on the industry.
This communication is intended to provide general information on legislative COVID-19 relief measures as of the date of this communication and may reference information from reputable sources. Although our firm has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.