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Today's insurance customers fully expect fast, easy-to-use platforms that do not bog down their busy lives.
Should more insurers consider adopting this model? Most of the insurance customers who use these devices are pleased with the results.
Several liability exposures are likely to arise in light of the rapid adoption of telemedicine during the COVID-19 pandemic.
Insurers can be a port in the storm for people during uncertain times, but they must shift their narrative and reimagine their offerings.
Ransomware attacks have grown in frequency and severity this year with an average cost of $4.4 million.
When an insurance pro takes time to understand the exact nature of an insured's risk, they can help restore a sense of control to an otherwise unruly event.
'Across the country, people have finally acknowledged that the status quo is unacceptable,' says Janet Jordan-Foster with AXIS Capital.
Tech upgrades pushed by the pandemic will lead to more efficient operations, happier employees, and enhanced collaboration and innovation.
Will telemedicine maintain its popularity once the pandemic is over?
The business of legalized cannabis has cybersecurity and data privacy challenges unlike those confronting other industries.