How the Global Pandemic Has Intensified the Focus on Innovation in Insurance Industry
PALM BEACH, Fla., March 24, 2021 /PRNewswire/ -- The COVID-19 pandemic has made many companies across all markets reevaluate what it takes to survive and grow during this global crisis. In the Insurance industry those tools are innovation and M&A activity. An article in the Insurance Journal said that: "The fallout from COVID-19 has intensified the focus on innovation. When growing your business face-to-face is restricted, you have little choice but to fall back on technology to maintain existing relationships but also to access new markets and grow your customer base," said Joyce Chan, Hong Kong-based corporate insurance partner.