By Chris Leach & George Netherton
This article was first published on March 27, 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 the UK grapple with the growing COVID-19 pandemic, and the government’s response continues to escalate, we look at the potential impact for property and casualty (P&C) personal lines insurers over different time horizons, by examining trends from other markets and historically, having collaborated with eBenchmarkers.
We look at emerging trends from markets where the pandemic and responses are further progressed, and look at some of the impacts of the 2008-09 recession that followed the global financial crisis.