The global pandemic brought a wave of changes and developments that have impacted, and continue to impact, the insurance sector. As we look ahead, we see further change on the horizon.
Around the world, we continue to deal with the human and financial crisis caused by the global pandemic and this is unlikely to end anytime soon. For the insurance sector, some of the impacts of the pandemic have been immediate (such as the various rulings on policy coverage arising out of business interruption cases) but others will only become clear over the long term (for example, the possibility of inflation increasing as we emerge from the global pandemic).
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