COVID-19 has affected every industry, and the insurance industry is no exception. Insurers and consumers alike have felt its impact, with all insurers reacting to an environment they have never before experienced. As is customary, the industry has been driving change across all areas.
In our latest Market Monitor, we highlight the challenges within the sector. The pandemic is set to be one of the biggest insured events of recent times, therefore insurers must act accordingly to cover this risk. Consumers will need to consider their cover options and think carefully about what protection to buy and how they will buy it.
In the report, we cover:
- Market Summary
- UK Insurance Market Overview
- Emerging Risks & Challenges
- Market Commentary
- Insurer Performance: 2020 Results