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COVID-19 and Property-Liability Insurance in India: Impact and Prospect

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  • Ghosh, Amlan
  • Mukherjee, Abhijit

Abstract

An unprecedented crisis in the form of COVID-19 has posed a significant problem to both the lives and livelihood of the people around the world. Economic activities of India are also affected by this pandemic with phase-wise lockdowns, implementation of social distancing measures, global economic downturn, and supply chain disruptions. With reduced economic activities and movement, the property-liability insurance (PLI) sector has also been impacted. In this paper, we assess the impact on the PLI sector in India, analyse the policies and steps taken by Government & regulatory authorities, and provided a future outlook depicting the way forward. The study will help policymakers and insurers to take a holistic view of the impact of the COVID-19 situation and plan for the future accordingly.

Suggested Citation

  • Ghosh, Amlan & Mukherjee, Abhijit, 2020. "COVID-19 and Property-Liability Insurance in India: Impact and Prospect," MPRA Paper 103357, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:103357
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    File URL: https://mpra.ub.uni-muenchen.de/103357/1/MPRA_paper_103357.pdf
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    References listed on IDEAS

    as
    1. S. Mahendra Dev & Rajeswari Sengupta, 2020. "Covid-19: Impact on the Indian economy," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2020-013, Indira Gandhi Institute of Development Research, Mumbai, India.
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    Keywords

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    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • I13 - Health, Education, and Welfare - - Health - - - Health Insurance, Public and Private
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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