TAG Financial Institutions Group
  • Home
  • About Us
  • Services
  • Team
  • Transactions
  • News & Publications
  • Partnerships
  • Contact

News & Publications

Cyber Policy Sales Up 340% Amid COVID-19

7/29/2020

 
During the COVID-19 lockdown, most organizations made a quick transition to working remotely, while intensifying their focus on serving customers through digital channels. This created a rapid surge in demand for digital capabilities, products, and services. At the same time, it sparked huge demand in cybersecurity as telecommuting became the new normal.

Data shows that cyber policy sales have increased by almost three and a half times during the COVID-19 lockdown. Policy volumes fell across the board for most lines, but cyber showed the biggest increase, with sales up 340%, followed by residential property owners at 104%, and then mobile phone insurance with an increase of 95%.

As schemes are vital elements of the insurance landscape, schemes business could potentially bounce back and may have some new growth areas brought by COVID-19. The pandemic has impacted many lines, and experts advised that smart brokers should look at specialist schemes technology to lower their costs, increase efficiency, and maximize distribution.
​
SOURCE: https://www.reinsurancene.ws/cyber-policy-sales-up-340-amid-covid-19-schemeserve/


Comments are closed.

    Recent Posts

    Archives

    October 2023
    September 2023
    August 2023
    July 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    August 2022
    February 2022
    January 2022
    December 2021
    November 2021
    February 2021
    January 2021
    December 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    April 2020
    February 2020
    October 2019
    September 2019
    April 2019
    March 2019
    January 2019
    December 2018
    November 2018
    September 2018
    July 2018
    June 2018
    May 2018
    April 2018
    January 2018
    June 2017
    May 2017
    December 2016
    October 2016
    September 2016
    May 2016
    April 2016
    March 2016
    December 2015
    October 2015
    June 2015
    March 2015
    December 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    February 2014
    January 2014
    November 2013
    September 2013
    August 2013
    April 2013

    This section will not be visible in live published website. Below are your current settings:


    Current Number Of Columns are = 3

    Expand Posts Area = 1

    Gap/Space Between Posts = 30px

    Blog Post Style = simple

    Use of custom card colors instead of default colors =

    Blog Post Card Background Color = current color

    Blog Post Card Shadow Color = current color

    Blog Post Card Border Color = current color

    Publish the website and visit your blog page to see the results

Home
About Us
Services
Team
Transactions
News
Partnerships
Contact
Terms of Use
Picture
© Copyright 2023. All Rights Reserved.
Certain Principals of TAG Financial Institutions Group, LLC are registered representatives of TAG Capital Partners, LLC Member FINRA, SIPC. TAG Financial Institutions Group, LLC and TAG Capital Partners, LLC are separate affiliated entities. Securities and Investment Banking Services are offered through TAG Capital Partners, LLC. 

TAG Capital Partners, LLC is not a chartered bank or trust company, or depository institution. It is not authorized to accept deposits or trust accounts and is not licensed or regulated by any state or federal banking authority. Alternative investments are speculative, involve a high degree of risk and are not suitable for all investors. Complete loss of principal is possible. Private placements are unregistered securities, considered illiquid and long-term investments. Distributions are not guaranteed.

  • Home
  • About Us
  • Services
  • Team
  • Transactions
  • News & Publications
  • Partnerships
  • Contact