The Impact of COVID-19 on the Insurance Industry

Babuna, Pius; Yang, Xiaohua; Gyilbag, Amatus; Awudi, Doris Abra; Ngmenbelle, David; Bian, Dehui

doi:10.3390/ijerph17165766

Cited by 81 publications

(62 citation statements)

References 49 publications

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“…To further put our arguments in a proper demonstrably context, we can say, for example, that though South Africa (a cooler climate country comparative to Ghana) is recording higher cases than Ghana (a hotter climate country), the higher cases in South Africa are not necessarily resulted from the cooler climate there but could result from other factors. Higher number of tourists received across South Africa, Egypt, Brazil and India could contribute to increased incidence rates in these countries ( Babuna et al, 2020 ). Similarly, the present second wave of recorded cases in Europe cannot solely be blamed on the approaching winter without considering increased person to person contact during the past summer holidays.…”

Section: Discussionmentioning

confidence: 99%

The effect of human settlement temperature and humidity on the growth rules of infected and recovered cases of COVID-19

Babuna

Han

et al. 2021

Environmental Research

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This study investigated the impact of humidity and temperature on the spread of COVID-19 (SARS-CoV-2) by statistically comparing modelled pandemic dynamics (daily infection and recovery cases) with daily temperature and humidity of three climate zones (Mainland China, South America and Africa) from January to August 2020. We modelled the pandemic growth using a simple logistic function to derive information of the viral infection and describe the growth of infected and recovered cases. The results indicate that the infected and recovered cases of the first wave were controlled in China and managed in both South America and Africa. There is a negative correlation between both humidity (r = − 0.21; p = 0.27) and temperature (r = −0.22; p = 0.24) with spread of the virus. Though this study did not fully encompass socio-cultural factors, we recognise that local government responses, general health policies, population density and transportation could also affect the spread of the virus. The pandemic can be managed better in the second wave if stricter safety protocols are implemented. We urge various units to collaborate strongly and call on countries to adhere to stronger safety protocols in the second wave.

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Section: Discussionmentioning

confidence: 99%

The effect of human settlement temperature and humidity on the growth rules of infected and recovered cases of COVID-19

Babuna

Han

et al. 2021

Environmental Research

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“…Therewith, substantial contagion between nations was noticed by Hafner [49] attributable to noteworthy serial and spatial autocorrelations. Giudice, et al [50] noticed that current pandemic affected housing values, whereas Babuna, et al [51] emphasized that insurance industry registered losses.…”

Section: Prior Research Regarding the Economic And Financial Consequementioning

confidence: 99%

Stock Market Reactions to COVID-19 Pandemic Outbreak: Quantitative Evidence from ARDL Bounds Tests and Granger Causality Analysis

Gherghina

Armeanu

Joldeș

2020

IJERPH

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This paper examines the linkages in financial markets during coronavirus disease 2019 (COVID-19) pandemic outbreak. For this purpose, daily stock market returns were used over the period of December 31, 2019–April 20, 2020 for the following economies: USA, Spain, Italy, France, Germany, UK, China, and Romania. The study applied the autoregressive distributed lag (ARDL) model to explore whether the Romanian stock market is impacted by the crisis generated by novel coronavirus. Granger causality was employed to investigate the causalities among COVID-19 and stock market returns, as well as between pandemic measures and several commodities. The outcomes of the ARDL approach failed to find evidence towards the impact of Chinese COVID-19 records on the Romanian financial market, neither in the short-term, nor in the long-term. On the other hand, our quantitative approach reveals a negative effect of the new deaths’ cases from Italy on the 10-year Romanian bond yield both in the short-run and long-run. The econometric research provide evidence that Romanian 10-year government bond is more sensitive to the news related to COVID-19 than the index of the Bucharest Stock Exchange. Granger causality analysis reveals causal associations between selected stock market returns and Philadelphia Gold/Silver Index.

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“…First, for people who are infected with COVID-19, they can improve their ability to pay for medical expenses through the medical insurance system. Specifically, part of the medical expenses of people infected with COVID-19 are paid by the medical insurance fund in the process of treatment, and people only pay part of the medical expenses (35). Second, the Chinese government implements medical assistance measures for the poor.…”

Section: The Improvement Of the Ability To Pay Medical Expenses And Tmentioning

confidence: 99%

Study on the Experience of Public Health System Construction in China's COVID-19 Prevention

Zhang

2021

Front. Public Health

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Background: China's experience in the process of COVID-19 prevention provides a reference for other countries in the world. This article studied the experience of public health system construction in China's COVID-19 prevention.Methods: Based on literature review and theoretical analysis, this paper constructs a theoretical framework of national public health system construction in health crisis. Based on this theoretical framework, combined with the policies and measures formulated by the Chinese government in the process of COVID-19 prevention, this article evaluate the advantages and deficiencies of China's public health system construction in response to COVID-19.Results: The Chinese government ensured the adequate supply of health resources, improved people's ability to pay medical expenses, and adopted advanced public health propaganda methods based on the Internet to help people grasp the basic information and development trend of COVID-19 in the process of COVID-19 prevention. At the same time, the utilization efficiency of health resources was low in China, people's ability to pay for medical expenses was unequal, and the disclosure of virus information in the early stage of the outbreak of COVID-19 is not timely.Conclusions: Other countries can learn from the advantages of China's public health system construction and avoid China's deficiencies in the process of public health system construction, which will help them improve the efficiency of COVID-19 prevention.

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The Impact of COVID-19 on the Insurance Industry

Cited by 81 publications

References 49 publications

The effect of human settlement temperature and humidity on the growth rules of infected and recovered cases of COVID-19

The effect of human settlement temperature and humidity on the growth rules of infected and recovered cases of COVID-19

Stock Market Reactions to COVID-19 Pandemic Outbreak: Quantitative Evidence from ARDL Bounds Tests and Granger Causality Analysis

Study on the Experience of Public Health System Construction in China's COVID-19 Prevention

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