Hi,
As we all know that Noval Crona virus is the most harmful pandemic in human history. It destroy world economy and millions of people loose their job. All of the world is struggling from this pandemic.
Corona virus is also known as COVID-19.
It means China originated virus identified in December 2019.
COVID-19 impacts our life & lifestyle. We can manage it. It impacts every industry and organisations, public and private sectors in multiple ways from employees and business continuity issues to client service considerations to the financial outlook.
COVID-19 is the most serious global health risus for a generation. And with contagion, uncertainty and lockdown, we are facing it from last two months, come economic dislocation and market turmoil. It has disrupted the global economy and thrown the future of billions into doubt.
The crisis is hitting the insurance industry more universally and faster than previous pandemics and it arises economic shocks.
Operational costs are rising due to crisis management while premium collection shrinks in many lines of business. New business in motor insurance is declining as people not able to drive vehicles due to lockdown and social distancing.
Investment returns are also under pressure due to volatility in financial markets.
So, we must focus on stabilizing remote work with digital technologies and a strategic communication plan to maintain business continuity and protect the health of their employees and partners.
Try to build a remote workforce culture that embraces data-driven insights. And enhance business continuity plans.
Ultimately, the insurance sector can serve as an important source of strength during the crisis and as a recovery mechanism for industries.
As we all know that Noval Crona virus is the most harmful pandemic in human history. It destroy world economy and millions of people loose their job. All of the world is struggling from this pandemic.
Corona virus is also known as COVID-19.
It means China originated virus identified in December 2019.
COVID-19 impacts our life & lifestyle. We can manage it. It impacts every industry and organisations, public and private sectors in multiple ways from employees and business continuity issues to client service considerations to the financial outlook.
COVID-19 is the most serious global health risus for a generation. And with contagion, uncertainty and lockdown, we are facing it from last two months, come economic dislocation and market turmoil. It has disrupted the global economy and thrown the future of billions into doubt.
The crisis is hitting the insurance industry more universally and faster than previous pandemics and it arises economic shocks.
Operational costs are rising due to crisis management while premium collection shrinks in many lines of business. New business in motor insurance is declining as people not able to drive vehicles due to lockdown and social distancing.
Investment returns are also under pressure due to volatility in financial markets.
So, we must focus on stabilizing remote work with digital technologies and a strategic communication plan to maintain business continuity and protect the health of their employees and partners.
Try to build a remote workforce culture that embraces data-driven insights. And enhance business continuity plans.
Ultimately, the insurance sector can serve as an important source of strength during the crisis and as a recovery mechanism for industries.
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