COVID-19 Monthly Insights
ComplianceSeptember 09, 2020

COVID-19-Related Regulatory Compliance Resource | August 2020 Review

We have witnessed the creation of thousands of COVID- 19-related regulatory updates in 2020. These charts are generated from our OneSumX® for Regulatory Change Management software that depicts the impact COVID-19 has had on the regulatory landscape.
Global Financial Services Synopsis
COVID-19-related regulatory activity decreased again for a fourth month. It constituted 9 percent of worldwide financial industry regulatory activity in August 2020. Europe is still the world leader by creating over 2,500 COVID-19-related updates since January 1, 2020.

Percentage of COVID-19 Activity Globally

COVID-19 Updates by Region Since January 1, 2020

U.S. Insurance Synopsis
COVID-19-related regulatory activity among U.S. insurance companies rose 3.2 percent in August 2020 from July 2020. Washington’s regulatory body is still ahead of all other state regulatory bodies for producing the most U.S. Insurance COVID-19-related updates since January 1, 2020. New York’s COVID-19-related regulatory activity has increased from 3.8 percent of all activity in July 2020 to 4.4 percent in August 2020, surpassing Massachusetts, Pennsylvania, Louisiana, and California. COVID-19 has impacted all business lines of U.S. Insurance companies, but Commercial P&C and Health lines continue to receive the most significant impact.

Percentage of COVID-19 Activity Among U.S. Insurance Companies

Fifteen States Have Generated Half of COVID-19 U.S. Insurance Regulatory Activity

COVID-19 Impact by Line of Business – U.S. Insurance

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