Why it's time for the insurance industry to live up to its promise

Insurance Business America–If the for-profit world of business is suffering as a result of the coronavirus, you can imagine the toll that the pandemic has taken on non-profit sectors around the world. Volunteering Australia noted that the decline in volunteering during COVID-19, and specifically from February to April this year, has been substantial, with 65.9% of volunteers estimated to have stopped volunteering. Similar trends have been observed in other countries, including Canada, the US, the UK, and across Asia-Pacific.

“Many carriers have shown their willingness to continue taking part in charitable work and directing donations to various organizations amid the pandemic, but without being able to access affordable coverage that adequately protects them from risks, non-profits are going to see more barriers to operating spring up, at a time of crisis when they’re needed most.”