Allianz on SMEs

Daniel Mulino asks whether the economic impact of COVID-19 is causing people to purchase less insurance.

Mr Feledy says home and motor customers are continuing to renew and purchase cover, but the biggest impact is in the SME space.

"That is definitely where we are seeing the most pressure."

Where businesses are shut down they are often cancelling cover, he says. Mr Feledy says Allianz has measures in place to try to help customers maintain cover.

"We are at the very start of the impact of COVID-19 and we are going to be closely monitoring it," Mr Feledy says.

Dr Mulino asks for data over the next few weeks to keep track of any trends.