Wall Street Journal: Most Insurers Won’t Touch Coronavirus Coverage For Businesses
Apr 10, 2020
Editor's note: Oliver Wyman is monitoring the COVID events in real time and we have compiled resources to help our clients and the industries they serve. Please continue to monitor the Oliver Wyman Coronavirus hub for updates.
As China tries to get back to work, insurance companies are taking on an unusual mission: They are promising to cover business losses from the coronavirus pandemic, as hundreds of millions of people return to work, and the country tries to rev up its economic engine.
Leonard Li, Partner at Oliver Wyman comments on the Wall Street Journal that Chinese state-owned insurers have also thrown their weight behind the initiative.
To read the entire story, please click here.