MGT507: Research Methodology Research Paper, LUC, Malaysia The covid-19 crisis impacted the world continuously including individuals, society, economics, and business
University | Lincoln University College (LUC) |
Subject | MGT507: Research Methodology |
Introduction
The covid-19 crisis impacted the world continuously including individuals, society, economics, and business. Covid-19 is one of the most worldwide unforeseen events of the century and it has affected insurance companies and insurance regulators far-reaching. It started as a serious health problem, which escalated and caused severe damage to people’s families, finances, and economy quickly. People must adjust as cities and countries fall into lockdown. Same to the insurance industry is no different and all the insurance-related companies had to adjust immediately. Insurance companies must deal with difficult market terms and conditions while maintaining the business operation and providing the service to the consumers continuously and also ensuring the employees are protected. Regulators had to determine and implement methods to reduce the impact of the epidemic on the insurance industry while also having similar operational issues.
A lot of business lines could not continue to operate the business since the global economy dropped due to the country’s lockdown. According to this situation, some insurance policies will be triggered and the insurance company had to bear the loss or damage. However, the pandemic also creates new opportunities for insurance companies. Lots of products with covid-19 protection/ coverage come into the markets and people might be keen to purchase the products since the epidemic is a continuous disaster. Another unforeseen epidemic might happen again in the future. This research will focus on the strait for the insurance industry during the covid-19 pandemic and the need for covid-19 related insurance cover from the markets. Furthermore, this research will explore the new development of insurance company business strategies for a similar pandemic in the future.
Get Help By Expert
In this research paper for MGT 507: Research Methodology, we delve into the profound influence of Online Assignment Assistance services, with a focus on Assignment Helper MY, on the academic achievements of students at Lincoln University College (LUC). This study aims to uncover the benefits and potential drawbacks of such services, providing valuable insights for both students and educators.
Recent Solved Questions
- Positioning a brand effectively depends on aspects including the industry: Marketing Management, Essay, OUM, Malaysia
- Strategic Research Assignment: Bright Horizon Case Study on Service Excellence and HRM in Specialty Beverage Expansion
- BDGO4103: Organisational Behaviour Gelagat Organisasi May 2024 Semester, Assignment, OUM, Malaysia
- Process Safety Management Assignment, UTP, Malaysia A fire struck out at Kemaman Bitumen Company Sdn Bhd located at Teluk Kalong Industrial Area
- EAC6013 Academic Writing Assignment Saito University College
- BBRC4103: Tahap pertama dalam penyelidikan ialah untuk mengenal pasti permasalahan atau isu-isu dalam perniagaan: Kaedah Penyelidikan Tugasan, OUM, Malaysia
- AC1025: Principles of Accounting Assignment, UOL, Malaysia Zarina is a founder of Sugar Bakery Sdn Bhd, a business that produces and sells various flour-based baked
- MBB 3213: Principles of Marketing Assignment, UoTS, Malaysia Identify the target markets for each Malaysian product in consumer and business markets
- CT127-3-2-PFDA Retail Data Analytics Assignment: Customer Ratings Case Study for R-Based Insight Generation
- BNRE 6113: Learning Skill Assignment, LUC, Malaysia Discuss key components of academic writing and give reasons why statements