COVID-19 BI claims to weigh on underwriting gains
Posted On: Mar. 1, 2021 9:30 AM CST
Analysts at U.S.-based S&P Global Ratings Inc. expect COVID-19 related business interruption insurance claims from 2020 to affect Gulf Cooperation Council’s underwriting gains this year, Middle East Insurance Review reported. Increased competition and resumption of nonessential medical treatment could drive claims to normal levels, resulting in weaker but profitable underwriting results in 2021.