The COVID-19 pandemic brings unprecedented challenges across industries in ways not seen since the Great Recession, making it difficult to predict the full behavioral and economic consequences. As we continue to adjust to the “new normal,” it’s important to acknowledge the challenges created by the crisis and develop future-facing strategies.
We’ll continue to monitor the impact of COVID-19 on personal lines and update this page with resources to help insurers drive profitability and growth in the long term.
Verisk’s vice president of personal lines auto product, Joel Camarano, and senior leaders in the insurance solutions group sit down to discuss trends from past recessions and provide strategies to help insurers adapt amid increased competition, new driving behaviors, and changing customer needs.
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The COVID-19 pandemic has slowed new residential construction, and property/casualty insurers are likely to see a similar trend in new business submissions.Read Article
The COVID-19 pandemic is bringing a “new normal” to personal auto insurance, with similarities and contrasts to the Great Recession.Read Article
How personal lines insurance carriers can adjust to the new challenges presented by the COVID-19 pandemic.Read Article
Reconstruction costs continue to rise in the second quarter of 2020, based on interim data extracted to identify short-term impacts of the COVID-19 pandemic.Read Article
With much of the country closed for business due to COVID-19, many insurers face the question: How have these changes in activity affected insured risks?Read Article
Fewer vehicles on the road may not necessarily lead to lower auto losses for insurers. Here's why.Read Article
As the COVID-19 outbreak continues to evolve, Verisk experts are providing insights on the pandemic’s impacts to the insurance, energy, financial services, and other industries on our Verisk COVID-19 resource page.