The main role of the insurance sector is the coverage of risks through pooling techniques. Against the payment of a premium, the insurance company compensates for unexpected losses, including catastrophic events and pandemics. However, differently from a catastrophic event, the COVID-19 pandemic has highlighted that the global impact on economic and financial activities is highly correlated. The insurance sector itself has been strongly affected both by the exponential growth of claims in the life and non-life sectors and by the negative impact on financial activities. Past experiences in pandemic risk management have been unsuccessful. This paper retraces the instruments issued following the past pandemics and tries to reflect on how the insurance sector can implement innovative solutions to support post-pandemic resilience.

COVID-19 crisis and resilience: challenges for the insurance sector / Levantesi, S.; Piscopo, G.. - In: ADVANCES IN MANAGEMENT AND APPLIED ECONOMICS. - ISSN 1792-7552. - 11:3(2021), pp. 1-12. [10.47260/amae/1131]

COVID-19 crisis and resilience: challenges for the insurance sector

Levantesi, S.;
2021

Abstract

The main role of the insurance sector is the coverage of risks through pooling techniques. Against the payment of a premium, the insurance company compensates for unexpected losses, including catastrophic events and pandemics. However, differently from a catastrophic event, the COVID-19 pandemic has highlighted that the global impact on economic and financial activities is highly correlated. The insurance sector itself has been strongly affected both by the exponential growth of claims in the life and non-life sectors and by the negative impact on financial activities. Past experiences in pandemic risk management have been unsuccessful. This paper retraces the instruments issued following the past pandemics and tries to reflect on how the insurance sector can implement innovative solutions to support post-pandemic resilience.
2021
COVID-19; catastrophic risk; insurance sector; pandemic risk; resilience solutions.
01 Pubblicazione su rivista::01a Articolo in rivista
COVID-19 crisis and resilience: challenges for the insurance sector / Levantesi, S.; Piscopo, G.. - In: ADVANCES IN MANAGEMENT AND APPLIED ECONOMICS. - ISSN 1792-7552. - 11:3(2021), pp. 1-12. [10.47260/amae/1131]
File allegati a questo prodotto
File Dimensione Formato  
Levantesi_COVID-19-crisis_2021.pdf

accesso aperto

Tipologia: Documento in Post-print (versione successiva alla peer review e accettata per la pubblicazione)
Licenza: Tutti i diritti riservati (All rights reserved)
Dimensione 145.35 kB
Formato Adobe PDF
145.35 kB Adobe PDF

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/1541306
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact