ETLA’s study on the effects of the Covid-19 pandemic on life insurances

ETLA’s recent study The Effects of COVID-19 Pandemic on (New) Life Insurances (ETLA Working Papers 107) shows that the take-out of new life insurance policies was at a clearly higher level during the pandemic. In the first half of 2020, new business in life insurance was 20% higher than in the corresponding time periods in 2018 and 2019. The increase was particularly marked in February and March 2020. The average sum insured also increased by 16%.