1.
COVID-19: Insurance Technology to Ensure Resilience
in the Industry Landscape

2.
Table of Contents
1 Introduction
Approach for Resilience
How to Survive the Current Risk?
How to Thrive in the Altered Tomorrow?
Conclusion
2
3
4
5

3.
With the COVID -19 becoming a dark
reality of a pandemic, insurtech
companies, insurers, brokers, and
agents are facing serious implications in
their way forward to an uncertain future.
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Introduction

4.
Approach for Resilience
The industry incumbents need to
implement two broad strategies to meet
the light at the end of the tunnel:
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How to survive the
current risk?
How to thrive in the
altered tomorrow?

5.
How to Survive the Current Risk?
 Maintain the flow of operations active
even in the mandate of social distancing
by following up the strategies of Business
Continuity Plans with the help of
Insurance technology.
 Insurers need to be empathetic about the
customers and their respective situation
too while addressing their needs.
 Marketing needs to be smoothened by
Insurance software grasping “people-first
approach” to adjust to the new normal.
Copyright©2020 Damco Group. All Rights Reserved.

6.
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 Be decisive about the planning strategies
for adapting to new-age tech for better
efficiencies.
 Insurance industry would require much
more collaborative efforts along with
Cloud-hosted apps and advanced
analytics to navigate a brighter tomorrow.
 Maintain a symmetrical balance of capital
expenditure with technology investment
to boost the growth trajectory.
How to Thrive in the Altered Tomorrow?
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7.
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Conclusion
Copyright©2020 Damco Group. All Rights Reserved.
The reality might not be in our hands but how to react
and prepare for the future is. So, the insurance industry
has to revolutionize itself with the new realities of a
different future for the post-COVID. As a leader in
insurtech companies, Damco is working as a navigating
force for the insurers to achieve sustainable growth.

8.
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