How the COVID-19 Pandemic Is Changing the Insurance Industry
Like private passenger claims, commercial claims frequency fell early in the shutdowns, but rose more quickly.
Insurers' rapid responses to the shutdowns via rebates and discounts helped contain price shoppers.
When financial concerns rise, insurers that compete on price may get a second look.
As overall driving drops and patterns change, consumers may come to view telematics as a better fit for their travel patterns.
Homes occupied round-the-clock are less prone to crime, but vulnerable to usage-based problems.
