Paradigm Shifts: Innovation from Adversity

The property/casualty insurance industry will endure Covid-19 pandemic challenges in the near term, but some of the changes will stay with us in the form of paradigm shifts. These paradigm shifts will drive innovation in insurance and create opportunities for Insurtech organizations.

Paradigm Shifts & Insurance

The pandemic has changed our lives and our businesses. Some of those changes will be permanent paradigm shifts, and some of these paradigm shifts will be opportunities for innovation. Much of the shift to online that has been imposed by the pandemic will remain, and the online shift will accelerate in insurance after this difficult period is past. The most significant paradigm shifts in insurance will likely be technology driven and may begin to create a digital divide, creating winners and losers.