Banco Popular de Puerto Rico

It is critical to assess insurers’ internal operations and the implications for employees.

The way insurance companies respond to the COVID-19 crisis is indicative of how the industry will meet the biggest challenges going forward: the disappearing retail customer, over-regulation, shrinking product margins, low customer loyalty and public distrust.

Insurance product creation historically has been based on historical data – the rear-view mirror view. However, there is a fundamental change afoot that cannot be ignored.

The impact on our sector is uncertain in every way but its depth.

Insurers who cling to the business structures and systems of The Before Times may not be able to adapt.

More workers will be home-based either permanently or part-time in the post-COVID-19 era.

The crisis taught us a lot about what we can plan for, how digital can change the trajectory of our business lines, and how at the heart of digital solutions will always be a dedicated workforce.

Wondering if my experience filing a claim will draw the right conclusions.

Electric cars are likely to have increased connectivity and reliance on data, sensors and software, including artificial intelligence, to manage vehicle systems and aid driving.

COVID-19 is going to have an effect on the economy and on business sentiment. But it’s also an innovation rallying cry to entrepreneurs and investors.