NAIC Has Coronavirus Resource Center
The National Association of Insurance Commissioners (NAIC) has posted a new coronavirus outbreak preparedness alert on its website, along with a pandemic primer developed by its Center for Insurance Policy and Research. The NAIC says it has been preparing for an outbreak like the new coronavirus pandemic for decades, and that it was around for the 1918 flu pandemic.
According to the center, life insurers and regulators are well aware of the need to prepare for pandemic risk. The center points out that insurers need business continuity plans detailing how they will operate in the face of serious disruptions, and they need a pandemic-resistant investment and business mix.