Life insurance companies join pivoting move due to pandemic

life insurance claims on the rise

This segment of the industry has found itself having to make important changes due to new trends. The global life insurance industry has experienced a sudden and substantial shift in its trends since 2020 due to the pandemic. As a new wave continues with an even more transmissible variant, insurers in this industry are experiencing notable claims increases, causing them to have to pivot just as businesses in many other industries have had to do. Claims in 2021 jumped much higher than expected based on predictions regarding COVID-19. The first…

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