Impact of COVID-19 on Quoting Volume
The entire nation has seen a whirlwind of changes over the past four months and the insurance industry is no different. ITC shares insights into the impact of the coronavirus on personal lines carrier volumes.
The entire nation has seen a whirlwind of changes over the past four months and the insurance industry is no different. ITC shares insights into the impact of the coronavirus on personal lines carrier volumes.
“I know I’m doing something to protect people, even when they don’t know it, such as when they view it as a commodity or an expense,” says Monica Adwani, independent agent. “I know it makes a difference in the world. It’s more than a policy.”
A flexible environment “drives me to produce as much as I do,” says Kenny Bakko, independent agent. “The low stress environment definitely motivates me to work harder and without that I would not be as successful as I am today.”
The coronavirus has hit the special events industry particularly hard and insurers are paying the price.
“The pandemic is putting very heavy restrictions on indoor events, which will squash that market down heavily,” says independent agent Mark Di Perno. “However, outdoor events are a different story.”
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With experts forecasting an elevated storm season amid the coronavirus pandemic, families, businesses and communities face additional unique challenges this storm season.
“Our utilization of video conferencing has really allowed us to expand our international relationships,” says Tyler Schapiro, independent agent. “While we do travel quite a bit to see clients, these type of relationships would be difficult to maintain wit
“A lot of places are now adapting, creating their own apps and understand that a lot of users are more receptive to technology,” says Vivian Tran, independent agent. “They want that easy access.”