I think for us, weve probably been hit more than most areas of insurance by the pandemic, he said. Obviously, the economic impacts of COVID-19 have been well-publicised and Credit Solutions protects against the risk of insolvency, which has probably never been so much of the forefront of clients minds.
Read more: What’s next? Australian president on post-pandemic insurance industry
Chapman concedes that given the dire circumstances, the challenge for his business is balancing demand for his product alongside protecting it against a huge spike in the risk of insolvency.
That means the insurers are very cautious in their underwriting and theyve taken a lot of action across their portfolio. Weve got to meet the needs and requirements of o…
Read the full article at: https://www.insurancebusinessmag.com/au/news/broker-perspective/broker-on-protecting-clients-from-insolvency-amid-covid19-229089.aspx
