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While the COVID-19 crisis has many insurtech players reconsidering their short-term needs and long-term strategies, what has not changed is the insurance industry’s upward digitization trajectory. In fact, COVID-19 and its impacts are accelerating the implementation of new mobile apps and other online platforms to meet consumer needs. This Legal Update discusses how the pandemic has fueled these trends and the related challenges—and opportunities—for insurtech companies, their investors and traditional insurers.
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