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As society and the global economy enters unprecedented times as a result of Coronavirus (COVID-19), the insurance industry is grappling to quantify what its impact will be on the industry. While unpleasant surprises no doubt lie ahead, experts at merchant bank Stonybrook Capital argue that its impact will be muted compared to many other industries.
“Relative to many other industries such as airline, hospitality, sports, and others, the impact appears to be more muted and indirect. We are in unprecedented territory and surprises are likely to emerge unexpectedly. That said, our perspectives on the industry are - on balance - relatively neutral.” Ravi Arps, partner, and Joseph Scheerer, chief executive officer, Stonybrook Capital
There are six ways in which COVID-19 will impact the re/insurance industry globally. While the virus will undoubtedly throw up further surprises, the industry is relatively well positioned argue Ravi Arps, partner, and Joseph Scheerer, chief executive officer, Stonybrook Capital, in a memo examining the implications of the virus.
Stonybrook Capital, Coronavirus, Insurance, Reinsurance, Claims, Expenses, Income, Investment, Capital, Mergers & Acquisitions, Joseph Scheerer, Global