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Analytics, rate implementation and speedy product implementation will determine how well insurance companies respond to the pandemic and beyond. (Illustration by Barbara Reddoch is from Adobe Stock/ALM Media archives) Analytics, rate implementation and speedy product implementation will determine how well insurance companies respond to the pandemic and beyond. (Illustration by Barbara Reddoch is from Adobe Stock/ALM Media archives)

COVID-19 exposed a particular challenge that insurers were grappling with well before the pandemic started: the difficulty associated with deploying and executing rates at the speed that the market requires and in response to real-time and volatile market conditions.

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