Tuesday, February 9th, 2021 — It can be difficult to think about the future when the demands of the day are so pressing.
The pandemic and events of 2020 have caused seismic shifts in society, affecting everyday patterns, lifestyles and business operations.
Adapting strategies and plans to the pandemic’s evolving realities has been at the top of many insurers’ priority lists.
Yet, in the midst of this turmoil, many P&C companies have been engaging in long-term strategic planning exercises. And some of the emerging themes are surprising.
SMA has conducted a number of scenario-planning workshops with insurers and MGAs – starting before the pandemic but continuing through 2020 and into 2021.