Open AccessTHE IMPACT OF COVID-19 ON THE INSURANCE INDUSTRY OF BANGLADESH
Author(s) -
Anamul Haque,
Nishat Taslin Mohona,
Sabrin Sultana,
Umme Kulsum
Publication year - 2021
Publication title -
indian journal of finance and banking
Language(s) - English
Resource type - Journals
eISSN - 2574-609X
pISSN - 2574-6081
DOI - 10.46281/ijfb.v6i1.1243
Subject(s) - covid-19 , robustness (evolution) , actuarial science , panel data , pandemic , insurance industry , business , life insurance , economics , econometrics , demographic economics , medicine , biochemistry , chemistry , disease , pathology , infectious disease (medical specialty) , gene
This study investigates the impact of Covid-19 on the insurance industry of Bangladesh. We utilize a quarterly panel data of top-performing both life and non-life companies for the duration between Q1:2018 to Q1:2021. We depend on the quantitative method to determine the exact scenario implementing through the fixed effect model. The finding explains that the adverse effect of the pandemic is significant on the quarterly premium income, insurance density, and penetration. A robustness test further justifies the validity of the findings. We discuss the causes behind decline to portraits real scenario of such harsh impact. The sector demands potential measures that ensure a stable situation.