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HomeWealth ManagementEvaluation sheds new mild on Canada's pandemic-related life insurance coverage expertise

Evaluation sheds new mild on Canada’s pandemic-related life insurance coverage expertise

However as soon as the second COVID-19 wave in Canada subsided, the sample of particular person insurance coverage claims declined to a degree extra in keeping with what was seen in 2019.

Particular person insurance coverage claims elevated in Might 2021 and have been larger than in Might 2020, maybe due to sure bigger claims quantities, which is in step with the sample of extra fatalities within the total inhabitants.

Compared to the primary and second waves, the third and fourth waves confirmed fewer insurance coverage claims total. Moreover, it seems that some larger declare quantities occurred in Might 2021.

Learn extra: COVID-19 is displaying Canadians the sunshine on life insurance coverage

The fifth wave has an extra excessive that may be seen in January, which is adopted by a lesser peak in April 2022. Resulting from some late reporting, the seventh wave just isn’t but mirrored within the claims information.



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