Covid lockdowns 'exacerbated' mental health challenges: AIA – Life Insurance – Insurance News

Report proposes 'self-funding' insurance model for export industries

Lockdown measures aimed at suppressing coronavirus after the pandemic broke out in March 2020 have taken a toll on mental wellbeing, AIA says in a new report.

The report says public health measures, such as curbs on physical activities and mandatory remote working arrangements, have highlighted the harms of social isolation and loneliness.

Since the pandemic 61% of Australians have taken actions to manage their mental health, seeking support to cope with their psychological distress.

AIA says the pandemic “radically shifted” the daily life and working conditions of Australians by increasing job insecurity, financial strain, and isolation.

“Many Australians already struggled with poor mental wellbeing and feelings of loneliness prior to the pandemic,” the report says.

“Covid-19 exacerbated this crisis over 2020-2021 – less social connection led to feelings of loneliness and poor mental wellbeing.”

AIA says the report, The Power of Social Connection, aims to advance the conversation around the mental health challenges facing Australians. It defines social connection as “the experience of feeling close and a sense of belongingness with others”.

The report says regular connection to friendship and family networks can alleviate psychological distress, and women who see friends and family at least once a week are 10% less likely to be in psychological distress than those who see them only every three months or less frequently.

For men, 8% are less likely to experience mental distress when maintaining regular social connections with others.

“While the full impact of the Covid-19 pandemic is still unfolding in many countries, and the effects on an already dire mental health burden are set to be severe and far-reaching, taking no action cannot be an option,” the report says.

See also  Life Insurance Types Explained

“It is critical to assess and apply strategies to improve the mental wellbeing of the population and to consider these needs in addition to their physical health needs.”

AIA says it is funding and co-launching the new Danny Frawley Centre for Health and Wellbeing, a new initiative in co-operation with the St Kilda AFL club.

The insurer says its support for the project is part of its commitment to the improvement of the community’s mental health.