CORONAVIRUS: Impact on Insurance

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CORONAVIRUS: Impact on Insurance

2020-04-14

By Law 01/2020 of 31 March, the Mozambican parliament unanimously ratified the state of emergency decreed by the President of the Republic, by Presidential Decree no. 11/20 of 30 March, as a necessary measure to prevent and contain the spread of the new Coronavirus, which causes Covid-19.

This is the first time that Mozambique has decreed a state of emergency since independence in 1975. It shows we are facing a highly sensitive phenomenon, whose effects are being felt in all spheres of economic, financial, commercial and social life.

The insurance sector needs to reflect on the opportunities and threats that the COVID-19 phenomenon brings by asking the right questions and coming up with the right answers in these increasingly demanding circumstances.

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