Impact Of Covid-19 Pandemic On Health Insurance Sector

Abstract

The COVID-19 pandemic has triggered a massive spike in uncertainty over the economy, wealth as well as livelihood. Today uncertainties surround almost every aspect of business models mostly in Healthcare and Insurance industry. These include: The capacity of health care systems to meet an extraordinary challenge, The extent of pandemic induced shifts in consumer spending patterns, Insurer outlook towards health risks,

Dynamics involved in challenging outlook towards projected risk, Availability of sufficient and effective alternatives for primary care needs. The purpose of this paper is to assess the impact on Health Insurance sector and continuously changing claim patterns in Pre and post COVID time; for it is the need of the hour to explore forwards looking measures to mitigate the uncertainty and be ready for future impacts with digital changes.