April 05 2020
COVID-19 : What are P&C insurers currently doing to help?
“A premium freeze for 2020, why not?”
“Over the past 40 years of my career in the insurance industry, I have witnessed many situations resulting
in significant imbalances, both in terms of human lives and financial impacts. Yet, the COVID-19 crisis is
unprecedented given its global impact on human populations and the economic turmoil it has caused on
financial markets. Unfortunately, the consequences are far from over. We will feel a shock wave for many
years to come.
… Regrettably, most property and casualty insurers are simply not doing enough in the current situation.”
Louis-Thomas Labbé, MBA, FPAA, CRM
President and Chief Executive Officer
GPL assurance/Gallagher Québec