Core Insurance, Insurance Technology

Why evolving consumer behaviors require changes from insurance providers

August 3, 2023

Why evolving consumer behaviors require changes from insurance
It’s no secret that the global pandemic has upended everyone’s life. We know this anecdotally from our own experiences—more online shopping with curbside pickup orders, ordering takeout and delivery versus in-person dining, and changing media consumption. And let’s not forget remote working and learning. These experiences are more than simply anecdotal; McKinsey has written about the more specific effects of the pandemic on consumer behavior and needs. In short, they write: “behavior changes will reshape consumer decision journeys and companies will need to adapt fast.”

Spotlight

Ascot Group

Ascot Group Limited is a Bermuda domiciled global specialist in insurance and reinsurance. Built on a foundation of underwriting expertise, the Group comprises four divisions: Ascot Underwriting Limited-a Managing Agent for Syndicate 1414 at Lloyd’s; Ascot Reinsurance Company Limited-a Bermuda based specialty reinsurer; Ethos Specialty Insurance Services LLC-a New York based Managing General Underwriter (MGU); and Ascot Insurance U.S.- an admitted and surplus lines insurance business.

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Ascot Group Limited is a Bermuda domiciled global specialist in insurance and reinsurance. Built on a foundation of underwriting expertise, the Group comprises four divisions: Ascot Underwriting Limited-a Managing Agent for Syndicate 1414 at Lloyd’s; Ascot Reinsurance Company Limited-a Bermuda based specialty reinsurer; Ethos Specialty Insurance Services LLC-a New York based Managing General Underwriter (MGU); and Ascot Insurance U.S.- an admitted and surplus lines insurance business.

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