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The Impact of COVID-19 on the Indian Health Insurance Sector

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Introduction             Health insurance firms exist as a remover of risk and a provider of certainty and security during a time of uncertainty and insecurity. Individuals use these policies to hedge against the risk of loss of health. However, the past eighteen months have been so extraordinary that even insurance firms have been unable to cope with such unpredictability. The risk has been too great for most health insurance firms to bear, and this has had consequences across the health market. Effects of COVID-19 on the Health Insurance Market Higher Demand for Insurance Plans & Greater Insurance Penetration             One of the few positive benefits that COVID-19 has had on the Indian economy is that it has incentivized more Indians to insure themselves against health risks. COVID-19 had been an unknown danger in the early months of 2020, so there were many uncer...

What Could Inflation Spell for the United States?

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Introduction For the Weimar Republic, it was the aftermath of the First World War. For Hungary, it was the destruction caused by the Second World War. For Zimbabwe, it was the extremely poor macroeconomic policy and land reform acts that led to spiraling raw material costs. And for Venezuela, it was the volatile political climate and external sanctions. In all the above cases, the underlying trend has been a supply side shock that drastically reduced output, followed by the central bank’s desperate attempt at clogging the holes by printing money in excess to bring back the economy into stability. What followed, every single time, was hyperinflation that plagued these countries for years on end. It might concern U.S. citizens, then, that the Federal Reserve has chosen to combat the ongoing coronavirus crisis with expansionary policy. This trend has led economists to question whether troubled times are ahead for the U.S. as it recovers from the COVID-19 induced recession. Overview ...