Due to the global pandemic, all economic activities were halted across nations. Every business was affected, especially those with a brick-and-mortar business model. However, when we take a careful look at the numbers of non-life insurance, it seems that this sector has been growing at a steady rate. Previously, the business penetration was quite low and was not achieving its full potential but due to the covid-19, it has brought a favorable scenario for the insurance business which can be seen by the increasing numbers.
With the second-quarter report published by all the insurance companies, it is obvious that those with a strong business model and effective marketing strategies have shown better results. So,…
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