8 Insurance Industry Impacts of Hurricane Andrew

Technology, regulation, construction and the P&C insurance industry itself all have changed since – and in some instances, because of – Hurricane Andrew, the category 5 storm that made landfall in south Florida on August 24, 1992. Here are eight ways that the catastrophe changed the way insurance companies do business.
August 24, 2012


8. Factoring Service and Retention Into Response

"Hurricane Andrew started a wave of changes in the way insurers deal with catastrophic events. Certainly since Andrew, the technology innovations have improved significantly when we look at the service capabilities that exist today. Advancements in the areas of customer communication, data and analytics, and mobility have enabled insurers to be better prepared to quickly and efficiently respond to these events with a focus on customer service and retention."

— Karen Furtado, Partner, Strategy Meets Action

Source: Strategy Meets Action

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