The impacts of COVID-19 on China insurance industry-An empirical analysis based on event study.

ABSTRACT:

Introduction

At the end of 2019, the sudden outbreak of COVID-19 pneumonia has developed from a mass health event to a global epidemic disaster. Its impact extends from human health to social, economic, political, international relations and global governance. In the process of fighting against the epidemic in China, almost all economic sectors were affected, and the insurance industry with epidemic sensitive characteristics was particularly affected.

Methods

In order to identify the impacts of COVID-19 on China's insurance industry, this paper uses the event study method to calculate the changes in the cumulative abnormal return rate and the cumulative excess return of Chinese listed insurance companies before and after the outbreak of COVID-19. In the empirical analysis, f

SUBMITTER: Wu X 

PROVIDER: S-EPMC9742270 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature