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2021 Focus Series: COVID-19: The Consumer Impact and Life Insurer Opportunities in the United States

  • Report

  • 27 Pages
  • May 2021
  • Region: United States
  • Conning, Inc
  • ID: 5530872
The 1918 pandemic hit the United States as World War I was winding down. While the mortality impact was high, out of these twin crises of war and disease, the Roaring 1920s emerged. Perhaps there will be a Roaring 2020s for the U.S. consumer and potentially for life-annuity insurers. However, it will require taking into consideration the disruptions to consumers through the pandemic. With this multidimensional effect, life-annuity insurers need to look at the consumer landscape from a variety of perspectives to consider both the risks and the opportunities afforded by the Covid-19 pandemic.

This study examines many dimensions of the disruption experienced by life-annuity consumers in 2021:

  • What has been the magnitude of morbidity and mortality impacts in the U.S.?
  • What are the gaps in life insurance coverage need?
  • What are the changes to employment that may affect life-annuity consumers?

Table of Contents

  • Covid-19 Disruption
  • Multidimensional Consumer Impacts: Challenge and Opportunity
  • Covid-19: Cases and Consequences
  • Sequelae: The Long-Term Effects of Covid-19
  • Covid-19: Mortality Impacts
  • Increase in Deaths Largest in a Century
  • All Adult

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AccuQuote
  • Northwestern Mutual
  • Google
  • Ace Metrix
  • Greenwald Research