How The COVID-19 Pandemic Is Upending The Insurance Industry Unlisted Video
3 years ago
908
News
Lemonade
Financial Technology
Robotic Process Automation
Chatbot
Life Insurance
Vehicle Insurance
property and casulty insurance
Maya chatbot
fullstack developers
insuretech
The COVID-19 pandemic is giving US insurers a run for their money.
With millions of Americans stuck at home, customers have both the time and motivation to shop around for better insurance deals.
According to Business Insider, price is the biggest driver for US consumers who decide to switch their insurance provider.
Of the US property & casualty insurance customers who changed their insurer in the last 12 months, 58% cited the cost of coverage as the principal reason.
Likewise, 40% of customers switched life insurance providers due to price dissatisfaction.
And as they tend to offer lower prices, full-stack insurtechs such as Lemonade pose a growing threat to incumbents' user bases.
Loading comments...
-
2:09
KERO
3 years agoCompany offers tuition insurance with COVID-19 protections amid pandemic
26 -
2:22
WXYZ
3 years agoHow the COVID-19 pandemic is affecting metro Detroit's tourism & hospitality industry
11 -
3:20
KTNV
3 years agoIn a male-dominated fishing industry, women blazing new trails during COVID-19 pandemic
16 -
2:07
KNXV
3 years agoThe airline industry hit hard by COVID-19 pandemic
191 -
2:04
WKBW
3 years agoLife insurance and COVID-19
44 -
2:04
WKBW
3 years agoLife insurance and COVID-19
33 -
1:47
KNXV
3 years agoArizona's approach to COVID-19 pandemic
1131 -
2:14
WXYZ
4 years agoMetro Detroit real estate industry sees slowdown during COVID-19 pandemic
118 -
1:45
KJRH
3 years agoCOVID-19 precautions for fans amid pandemic
479 -
3:22
WXYZ
3 years agoMillions lose insurance during pandemic
258