How Prepared are Insurtechs Against the Threat of Coronavirus?

CHRISTIAN WIENS INSURTECH | March 13, 2020

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The losses and costs resulting from the outbreak of coronavirus are estimated to be in the enormous sum of four trillion US dollars – but we don’t see this as reason to panic. Thanks to a mobile-first approach, technical infrastructure and direct sales, insurtechs are protected against the crisis and, right now, they are one of the most promising business models, in one of the largest markets in the world. The developments surrounding coronavirus could therefore even be described as a catalyst for insurtechs. Crises reveal how strong a digital business model is. And coronavirus in particular demonstrates the extent of the technological lead over traditional insurers.

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Abbey Insurance Brokers

Abbey Insurance Brokers Ltd. was formed in 1973, and has grown to be one of Northern Ireland’s largest Insurance Brokers specialising in Car, Home, Travel, Taxi and Van Insurance.

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