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Covid-19 disrupted business models of insurers, caused degrowth: Official

All insurers have seen a degrowth in the months of April and May due to the coronavirus lockdown, she said at a webinar organised by MCCI

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Rastrawar said while motor insurance had been the biggest line of business for general insurers, the pandemic has resulted in the health vertical emerging as an important area.

Press Trust of India Kolkata

1 min read Last Updated : Jun 27 2020 | 7:32 PM IST

The Covid-19 pandemic has disrupted business models of insurance companies, which have seen degrowth, IFFCO-TOKIO General Insurance said on Saturday

"In a situation like this when everything is uncertain, insurance has become critical. The pandemic has disrupted all businesses models," MD and CEO of IFFCO-TOKIO Anamika Roy Rastrawar said.

All insurers have seen a degrowth in the months of April and May due to the coronavirus lockdown, she said at a webinar organised by MCCI.

ALSO READ: Non-life insurers to offer standard Covid covers to consumers from July 10

Rastrawar said while motor insurance had been the

Topics : Coronavirus Lockdown Insurance companies

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