Insurance Technology, Investment & Innovation under COVID-19: A Tale of Two Realities - Insurance-Canada.ca

Aug.26, 2020 – Stephen Applebaum, Insurance Solutions Group – There is a general perception that the insurance industry is doing surprisingly well in the face of a global pandemic.It’s true that the transition to work-from-home was accomplished quickly and with minimal loss of productivity.

Auto insurers have enjoyed an earnings windfall from the dramatic and sudden drop-off in vehicle use and the accompanying reduction in auto claims (even after premium reductions).And so, one might also conclude that industry innovation and transformation continues apace – but that’s only partially correct.

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