COVID-19 policy and insurance coverage
Major medical expense insurance is an investment that covers most of the expenses incurred by medical intervention or treatment. Given the panorama of the new reality derived from SARS-CoV2 (COVID-19), it puts people and their rights in a state of vulnerability and risk; it is important to analyze the role of policies and their coverage in major medical expenses due to COVID-19. This document identifies the landscape of insurance companies in Mexico, which in the wake of the coronavirus included or strengthened their mechanisms for indemnification, deductible, and coinsurance. This was because the Asociación Mexicana de Instituciones de Seguros (AMIS), the Comisión Nacional de Seguros y Fianzas (CNSF) and the Secretaría de Hacienda, agreed on care measures for policyholders. According to AMIS, Mexico had a 10% increase in the contracting of insurance for major medical expenses and a 3% increase in life insurance premiums; although there is talk of an increase that represents a smaller number of people who are unaware or are not interested in the acquisition of insurance for major expenses, they must foresee that it is an investment that provides security and certainty of protection in the future not only in the individual (family) aspect but also in a collective -group way (public institutions and companies) due to the impact it has on all sectors.