As we all know, the COVID-19 pandemic has affected us in a personal way, but especially in professional sectors. This situation has led to a raise of awareness within the population of how to prevent risks and what do insurance company offer to help it.
Health insurance policies were the prime driver of growth in 2021. For this reason, we will focus on other areas that are also affected, such as motor insurance, multi-risk insurance and the public liability sector.
Regarding motor insurance, we can observe a notable drop in premiums, well below what they should be, as this type of policy is the strategic product of the vast majority of insurance companies.
Multi-risk insurance is expected to continue growing, but this evolution may be very different according to its various modalities, being digitization a key factor in its development, along with the impact of the pandemic and the recovery of the economy.
An increase in claims is expected due to this economic crisis, what will result in a complicated year for the public liability sector. It will be up to insurance brokers to find suitable solutions for their clients.
