| Bogdanova Alyona Igorevna, Oleinik Valentina Daniilovna
Insurance and the coronavirus pandemic: from losses to technological advancement
ID number: J202081
Abstract: The object of the research in this article is the changes in the insurance market as a result of pandemic. It is examined how coronavirus has affected the insurance market, how it has influenced the financial performance of companies, changed the client base, and what improvements and innovations it has brought to the marketplace. On the one hand, such sectors as business and travel insurance suffered huge losses. But on the other hand, the coronavirus pandemic has become a condition to accelerated development of new technologies, such as the provision of remote services. This article provides an overview of examples of innovations in insurance that have been already implemented and were really useful during the pandemic or will be implemented in the near future.
Key-words: insurance market, pandemic, digitalization, InsurTech
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