U.S. life insurers are trying to curb their own risks to coronavirus by imposing waiting periods for applicants who have traveled to regions with widespread outbreaks, industry experts said.
American International Group Inc , said earlier this month it would postpone decisions about life insurance applications from customers who traveled to several affected regions, including Italy and South Korea, until they were back in the United States for 30 days, according to a memo seen by Reuters.
An historic stock market slump and interest rate cuts will pressure life insurers’ earnings, reserves and capital, Fitch said on Tuesday.Companies that perform medical exams of life insurance applicants are also changing guidelines for workers' safety, spurring more delays.
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