AM Best TV & Audio
TransUnion: One in Three Consumers Cut Back on Homeowners, Auto Coverage During COVID-19
Also, industry professionals discuss employees’ return to the workplace and how the most successful insurers will use artificial intelligence to the fullest.
- August 2021
One in three consumers reduced their homeowners insurance or auto coverage during the COVID-19 pandemic, said Mark McElroy, executive vice president, insurance, TransUnion.
After a year of employees working from home, employers must offer flexibility to those returning to the workplace, said Melissa Jones, chief human resources officer, CSAA Insurance Group.
The most successful insurers will incorporate artificial intelligence into every aspect of their business, said Doug McElhaney, partner, McKinsey’s insurance practice.
Standard policies will cover a damage claim from falling debris, whether human-made or meteorites, said Loretta Worters, vice president, Insurance Information Institute.
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Allianz Utilizes Seven-Step Plan to Deal With the Increase in the Number of Wildfires
Also, AM Best Audio explores the added demand for employee leave programs in the age of COVID-19.
Tom Varney, regional manager of North America Allianz Risk Consulting, Allianz Global Corporate &Specialty, discusses the uptick in the number of wildfires and the company's seven-step plan to handle the issue.
Jennifer Hader, vice president product management, Guardian Life, discusses the increased demand for employee leave programs with the goal of a comprehensive absence management experience that supports optimal return-to-work outcomes.
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