{"id":18442,"date":"2020-04-06T00:00:00","date_gmt":"2020-04-06T00:00:00","guid":{"rendered":"https:\/\/www.altus.co.uk\/impacts-of-covid-19-on-insurance-businesses\/"},"modified":"2023-12-13T15:44:39","modified_gmt":"2023-12-13T15:44:39","slug":"impacts-of-covid-19-on-insurance-businesses","status":"publish","type":"post","link":"https:\/\/www.altus.co.uk\/insights\/impacts-of-covid-19-on-insurance-businesses\/","title":{"rendered":"Impacts of COVID-19 on Insurance Businesses"},"content":{"rendered":"\n

The complexity and scale of recent events has meant that developing a clear view of the impacts represents a real challenge for UK insurers.<\/h2>\n\n\n\n

There has been a seismic effort to date to move front-line and support teams from offices to home-working and implement business continuity plans. As the dust begins to settle from the initial operational impact, there will be a need for a structured approach to understanding and responding to the lower-level impacts across the business, from claims management through to policy administration, managing broker relationships and updating products and underwriting rules.<\/p>\n\n\n\n

In our analysis, we focus on how COVID-19 will shape immediate response plans and take a longer term view of what this will mean for the industry, breaking this information down into the key capabilities that enable an insurer to do business.<\/p>\n","protected":false},"excerpt":{"rendered":"

The complexity and scale of recent events has meant that developing a clear view of the impacts represents a real challenge for UK insurers. There has been a seismic effort to date to move front-line and support teams from offices to home-working and implement business continuity plans. As the dust begins to settle from the […]<\/p>\n","protected":false},"author":59,"featured_media":22371,"parent":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"insight-topic":[96,97,99],"yoast_head":"\nImpacts of COVID-19 on Insurance Businesses - Altus Consulting<\/title>\n<meta name=\"description\" content=\"The complexity and scale of recent events has meant that developing a clear view of the impacts represents a real challenge for UK insurers. There has\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.altus.co.uk\/insights\/impacts-of-covid-19-on-insurance-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Impacts of COVID-19 on Insurance Businesses - Altus Consulting\" \/>\n<meta property=\"og:description\" content=\"The complexity and scale of recent events has meant that developing a clear view of the impacts represents a real challenge for UK insurers. 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