As some governments begin to ease COVID-19 restrictions, researchers are warning that the frequency of pandemics is likely to rise in the future. It would therefore be wise for governments and societies to act on some of the lessons from the COVID-19 crisis.
As COVID-19 tests the world’s resolve and thrusts our global economy into its biggest crisis since the Great Depression in the 1930s, it is not an understatement to say no one wishes to live through it twice.
Insurers are facing many of the same challenges that their policyholders are grappling with.
It is important to remember that W&I insurance first gained real traction during the 2008 financial crisis, successfully enabling investors to de-risk their investments and move forwards more confidently. We are hoping for a much quicker recovery following COVID-19, due to both largely unaffected market fundamentals and PE houses with record high levels of dry powder. As in 2008, there are ways in which insurance can be used to help investors during these uncertain times.
Covid-19 Market Update - Asia
Singapore's Ministry of Communications and Information (MCI) and the Personal Data Protection Commission (PDPC) have recently proposed enhancements to the current Personal Data Protection Act 2012 (PDPA).