The insurance sector, mainly the one that operates in the segment of Lifetime, is among the sectors that are suffering the most significant impact from the pandemic, according to the Informa DBK Sectorial Observatory Cesce’s subsidiary that has just presented its third analysis on the impact of Covid-19 on the Spanish economy. It should be remembered that, in 2020, the Life insurance business decreased by almost 21%.
Yes OK, above Life insurance, there is other large sectors economic conditions that are being affected more strongly by the health crisis, such as the tourism, the hotelier, textiles and footwear, automocin, oil, leisure and culture. “After the analysis carried out, we can foresee that the sectors most affected by the crisis caused by Covid-19 will not recover before 2024. However, the strong impact of this crisis on the economies, nationally and internationally, and the uncertainty regarding its evolution means that the conclusions of the report should be considered with caution, “he said. Juan Ortn, director of the Observatory.
Life insurance, then, is one notch below jnext to the construction, real estate, finance, energy, freight transport, industrial chemistry, metallurgy, electronics, machinery, television, education, the publishing industry, the extractive industries, other manufacturing sectors, the health and assistance activities.
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