Embracing for a World Post COVID-19 Lockdown

By Vivek Seth

A featured article of our July 2020 edition of PRMIA's Intelligent Risk quarterly newsletter

The year 2020 is likely to be etched in our memories for a long spell of time across the globe. Right at the onset of this year when we were just over with new year celebrations, the world witnessed the outbreak of the COVID-19 pandemic. The infectious disease came as a surprise to governments and businesses across the world; by mid- May, it had already affected over 5 million people and resulted in over 300,000 deaths worldwide1, and these numbers are increasing further at the moment. While efforts are underway to create a vaccine that provides immunization against this newly discovered disease, many governments have taken a stand of imposing restrictions on normal business operations, trade, and travel. Corporations across the globe have implemented work from home measures on a never-seen-before  scale  to  help  contain  the  spread  of  the  disease.  Even  nations  that  have  not  imposed  such strict lockdown conditions have strongly advised their citizens to adhere with social distancing measures and best hygiene practices. Numerous countries have witnessed high mortalities, delays in key events like holding elections, Olympics & business events such as Expo 2020; some nations have unfortunately also experienced the second wave of pandemic spread. The global outbreak is clearly impacting the world at economic, social, and political levels at an alarming rate.

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Intelligent Risk is PRMIA's quarterly publication, bringing all PRMIA members free access to knowledge and information about risk management for financial institutions as well as current information on PRMIA chapters, committees, academic partners, news and events.

Individual articles from each edition are published under our members only Risk Library resources section. PRMIA is sharing select articles from the April 2020 edition with the public. Get more articles like this by joining PRMIA today.

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