Building back better with simpler insurance products
The Covid-19 pandemic has created the need for an overhaul of insurance, but the industry must make sure that the products it creates in response are fit for purpose
The Covid-19 pandemic has set in motion huge changes across society with businesses being forced to respond the ‘new normal’ with a host of rapid modifications to how they operate.
This has created a fast moving, changing market where organisations of all types are looking at how to build back better from the pandemic. As a result insurance customers are increasingly looking for simpler, less complex insurance products with enhanced coverage clarity.
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