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.
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