Swiss Re: Individual protection sales fall for the first time since 2013

There were a total of 2,157,263 new individual protection policies sold during 2020, according to the latest Term and Health Watch report from Swiss Re, as the effects of the Covid-19 pandemic on the protection market become clearer. The reinsurer stated that the latest analysis indicates that a mix of "national lockdowns and sluggish economic output may have put households off insuring themselves and their families." The findings of the report come after the highest level of new business for the last 15 years was recorded in 2019, before the onset of the pandemic. Income protectio...