COVID-19 – Threats and Opportunities for the Insurance Industry

Priyanka Chaturvedi

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Insurers are finding they must research, analyze, and evaluate the impact of Coronavirus in order to develop techniques for mitigating expected losses. While pandemic/epidemic coverage products were already on the market, they are typically unaffordable for small businesses and limited in their availability, as they are difficult to price. 

What challenges and opportunities are in store for insurance providers, and how will technology help shape the future of the industry? In this paper, you’ll explore the impact of COVID-19 on the insurance value chain, the pivotal role of technology, and the role that technology will play in the digitalization of insurance processes.