The COVID-19 pandemic created an environment of unprecedented shock among global economies. Prolonged lockdown across countries, national economic downturns and unexpected disruptions of demand and supply cycles created a likeliness towards a phase of slowdown that could last for an uncertain period. The current study is an attempt to investigate the possible post-pandemic implications on selected financial dimensions of an economy. Secondary data have been relied on to highlight the social and economic impact of this pandemic by drawing insights from literature that have been able to foretell or assess the impacts of likely situations of crisis. Major findings of the study are indicative towards the need of fulfilling unmet investments in preparedness against pandemics, the obvious advantages of having pandemics like COVID-19 being covered by insurance, possible long-term shifts in global spending patterns and the importance of financial markets enduring through such uncertainty. Understanding the impacts of past events that might closely parallel the COVID-19 pandemic brings out avenues of future research in this direction and a possibility of supplementing the scant literature available in this area of study.

Bank risk, catastrophe insurance, COVID-19, financial market risk, pandemics

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