Insurers more likely to negatively impacted by market forces than increased claims, Morningstar reports
Risk Assured's Rob May has warned that clients currently residing in some of the affected areas around the world or have plans to travel to these areas are likely to see applications for life insurance "postponed". He also said: "Furthermore, although unlikely, there is a possibility that insurers across the market may take a view that they will postpone all applications for life insurance until the risks associated with coronavirus are more quantifiable. With this in mind, it is important for your clients to act quickly to secure their life insurance." Economic impact His comments...
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