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The COVID-19 pandemic has caused massive shifts in how businesses operate, with remote work being one of the most obvious changes.
According to Jason Barg, partner at financial services investor Lovell Minnick, businesses (including insurers) quickly realized that a remote working environment was putting strain on their workforce. The dispersed teams made communication difficult, causing delays in underwriting, data gathering and risk analysis.
To help overcome these issues, many companies are boosting their risk mitigation capabilities through automated solutions driven by data.
Read the full article: Corporate Risk and Insurance