Implications of coronavirus for North American life and annuities writers
April 29, 2020 by Ramnath Balasubramanian, Alexander D’Amico, and Jonathan Godsall
During the COVID-19 pandemic, businesses are rightly focused on securing their employees’ and customers’ safety, as well as keeping their doors open with immediate business-continuity measures. As the effects of the crisis continue to unfold, it is hard to overstate the complexity of the challenge facing the North American life and annuities sector. Uncertainties around the rise and fall of transmission rates throughout 2020 mean that insurance carriers face unprecedented challenges that are likely to extend beyond the shorter-term remedies that many have already implemented.