 The global demand for insurance is expected to be adversely affected in the near term due to the current slowdown in economic activity due to the Covid-19 pandemic, according to a recent report by financial services provider Allianz. The Allianz Global Insurance Report 2020: Skyfall, published earlier this month, says global insurance premium income is expected to shrink 3.8 this year much worse than during the 2008 global financial crisis, which saw a decline of only 1. 