image credit: Pexels

Demand for life reinsurance consistent despite pandemic

May 13, 2021

Despite the unprecedented impacts of the COVID-19 pandemic and elevated mortality in many parts of the world, demand for life reinsurance “continues pretty much as it has,” according to Alain Néemeh, Senior Executive Vice President and Chief Operating Officer (COO) at Reinsurance Group of America (RGA).

Since the arrival of the global pandemic and subsequent government enforced lockdowns around the world, there’s been an expectation for heightened demand for life insurance.

And, with primary players expected to take on more risk as a greater number of individuals explore life insurance protection, it’s also been suggested in the market that demand for life reinsurance could spike on the back of the pandemic.

Read More on Reinsurance News