Covid-19 will reset the way people approach the financial wellness of their family. One of the expected trends is a spike in demand for life insurance products, with some insurance carriers reporting 20-50% increases in their monthly application volume since February.
While this surge in applications is good news for most companies, it has also exposed some major challenges within the new business function.
Download this content to find out more about the opportunities and challenges for life insurers.
• Difficulties in testing.
• Underdeveloped digital muscles.
• Covid-19 and underwriting risk challenges.
• Futureproofing business models.
• Transforming the underwriting experience.