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How European Insurers Can Manage The Impact of COVID-19

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27 March 2020

REPORT PUBLISHED BY OLIVER WYMAN

Abstract

Businesses face immediate challenges, in particular the safety of employees and communities and implementation of business continuity plans. Rather than address these fast-changing issues here, we recommend you visit our Coronavirus hub. The hub is updated daily and contains our COVID-19 primer, perspectives on the epidemiology of the novel coronavirus 2019, updated projections of the potential impact of the pandemic, and our perspectives across industries and functions (including insurance risk functions).

Current situation, upcoming challenges and opportunities for insurers

We expect most executives to be focusing on the most immediate priorities linked to operational and continuity challenges, understanding their risks and exposures and balance sheet position in a consistently shifting landscape. Over time, the challenges in each area will evolve and eventually opportunities and actions will need to be considered.

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