Will COVID-19 Disrupt the InsurTech Movement?

MARK BREADING | April 1, 2020

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If there is one thing that we have all learned with the spread of COVID-19, it is that there is virtually no industry that is immune to its impact. The global pandemic is disrupting the daily lives of individuals, the operations of businesses, the activities of governments, and even the approach of cherished institutions like museums, universities, and religious organizations. The P&C insurance industry, like many others, is reeling from the implications of the virus. Amid the rapid changes that are taking place, it is important to assess the impact of COVID-19 on the InsurTech movement. After all, InsurTech has always been touted as the ultimate disruptor of the insurance industry. But, might COVID-19 prove to be a disruptor to InsurTech?

Spotlight

Texas Farm Bureau Insurance Companies

The Texas Farm Bureau Insurance Companies were incorporated to sell and service the auto, property, life, and health insurance needs of Texas Farm Bureau members. Headquartered in Waco, Texas, we serve more than 300,000 customers and their families. Our 700+ multi-line agents and 300+ claims personnel stand ready to provide prompt, efficient service at over 250 offices statewide. And industry leaders agree …A.M. Best, the leading barometer of financial and operational strength, rated our companies “Excellent” or better in recent rankings.

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