How the COVID-19 Pandemic Is Changing the Insurance Industry
Data shows changing severity patterns for the initial 10-day window, with subsequent changes as well.
Innovations such as accelerated underwriting once were aspirations for some insurers but have become necessities for most.
Data from Florida and Arizona reveals surprises.
Like private passenger claims, commercial claims frequency fell early in the shutdowns, but rose more quickly.
When financial concerns rise, insurers that compete on price may get a second look.
