University of Petrosani Researchers Update Current Data on COVID-19 (The impact of covid-19 on global insurance market)

2021 AUG 02 (NewsRx) -- By a News Reporter-Staff News Editor at Health & Medicine Business Daily -- Current study results on coronavirus have been published. According to news originating from the University of Petrosani by NewsRx correspondents, research stated, “The purpose of the paper is to present the changes occurred on global insurance markets during the current pandemic situation.”

The news correspondents obtained a quote from the research from University of Petrosani: “The effects are largely felt through asset risks, weaker premium growth prospects, and also insurers’ long-term investment. Developed markets, particularly life ones, are likely to shrink in real terms as a result of the economic slowdown. Higher mortality rates due to the coronavirus pandemic are affecting the bottom lines of many life insurers.”

According to the news reporters, the research concluded: “The main trends in this sector in last years, is based on the most important aspects such as, written premiums, and benefits paid, types of the life insurance contracts and density and penetration degree of the life insurance sector.”

For more information on this research see: The impact of covid-19 on global insurance market. MATEC Web of Conferences, 2021,342():08012. (MATEC Web of Conferences - http://www.matec-conferences.org). The publisher for MATEC Web of Conferences is EDP Sciences.

A free version of this journal article is available at https://doi.org/10.1051/matecconf/202134208012.

Our news editors report that more information may be obtained by contacting Preda Ana, University of Petrosani.

(Our reports deliver fact-based news of research and discoveries from around the world.)