Insurers weigh up pandemic impact

Milton Jennings

The New Zealand economy has been rocked by Covid-19 and the subsequent response to it.

But Milton Jennings, former chief executive of Fidelity Life, said it should not be a significant problem for life insurers.

"We always found in a recession, business seemed to go up. People became more risk-averse in a downturn. They tend to keep life cover or take out life cover."

He said that meant life insurers should do "reasonably well" through the disruption.