How the COVID-19 Pandemic Is Changing the Insurance Industry
Innovations such as accelerated underwriting once were aspirations for some insurers but have become necessities for most.
Homes occupied round-the-clock are less prone to crime, but vulnerable to usage-based problems.
Insurers' rapid responses to the shutdowns via rebates and discounts helped contain price shoppers.
Data shows changing severity patterns for the initial 10-day window, with subsequent changes as well.
As overall driving drops and patterns change, consumers may come to view telematics as a better fit for their travel patterns.
