Home Business Deloitte warns of negative effects of Covid-19 on insurance business

Deloitte warns of negative effects of Covid-19 on insurance business

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Kenyan Wall Street | by Jackson Okoth


Deloitte has warned that Covid-19 will severely impact the profitability of underwriters in the region.

While insurers have been able to absorb the underwriting impacts of large loss events, the East Africa Insurance Outlook Report 2020/21 says the impact of the pandemic on the insurance industry remains uncertain for now.

The report takes a deeper look at opportunities in the insurance sector, focusing on Kenya, Tanzania, and Uganda.

Read more…


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