The Economist: George Netherton On The Future Of Insurance Post-COVID
Jul 16, 2020
George Netherton, Insurance Partner, spoke to the Economist on the future of insurance post-COVID.
With the pandemic creating new risks for all industries, the insurance industry is looking for new ways to insure businesses against future outbreaks. The biggest risk the industry faces is that of irrelevance, highlights the Economist, as companies seeking protection from big new risks no longer see the point of insurance, and now the industry is scrambling to find ways to be helpful ahead of the next shock.
In the short term, despite the industry taking a knock, it is escaping lightly compared with other sectors. George commented: “It helped that insurers knew well the risk that pandemics posed to their business models.”