The Covid-19 crisis makes us think about the correlation between life and non-life and the role governments are playing in this, claims Romain Durand

Life and non-life insurance are the two sides of the Covid-19 coin

By Romain Durand, Head of life Reinsurance at Groupe Covéa.


Covid-19 reminds us of the complex relationship between insurance and state-driven solutions in modern economies. Many governments rightly chose to spare as many lives as possible at the expense of the economy. In so doing they have triggered an unintended consequence for the insurance industry: what would be normally considered a life insurance issue – pandemic risk – turned out to be largely a non-life problem.

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This article represents the opinion of the author, and not necessarily the opinion of the AAE.


This article was published in The European Actuary No. 28 – December 2021