April 23, 2020
The outbreak of COVID-19 has disrupted the global economy. The progress of the disease and its economic impact is highly uncertain which makes it difficult for policymakers, businesses and households to plan ahead of time. Little is known about the medium- to long-term, micro- and macro-economic effects of such global pandemics. But the recent Covid-19 outbreak places substantial urgency on trying to gauge the likely economic impact. In this article, we use a history of pandemics and the existing data on Life Assurance to project the future.