The Impact of COVID-19 on Independent Agencies

Robert Hartwig, Director of University of South Carolina Center for Risk and Uncertainty Management

This episode is a cannot-miss for every serious insurance professional. Please make this a priority for this week. Chief insurance industry economist, Robert Hartwig, PhD, CPCU, delivers a rational and clear-eyed perspective on how the coronavirus will affect the lives and agencies of the modern insurance agent. Dr. Hartwig shares his expert perspective on:

• The projected economic impact through the year, and how agencies’ ongoing operations will be affected
• The impact the virus will have on policies, including workers’ comp, EPLI, business income, E&O, and more
• How the virus will affect insurance pricing
• What agents should be doing now to navigate the difficult months ahead

Dr. Hartwig is the immediate past president of the Insurance Information Institute. He serves as a regular media spokesperson for the property & casualty insurance industry and is frequently quoted by leading publications including The Wall Street Journal, The New York Times, USA Today, Washington Post, Los Angeles Times, Financial Times, Newsweek, Fortune, Forbes, The Economist and any others. Dr. Hartwig also appears regularly on television, including programs on ABC, CBS, NBC, CNN, CNBC, Fox, PBS, and BBC. 

He now serves as Clinical Associate Professor of Risk Management, Insurance and Finance in the Darla Moore School of Business at the University of South Carolina and Director of the school’s Center for Risk and Uncertainty Management. 

Presented by Agency Revolution, the Connected Insurance Podcast provides weekly opportunities for listeners to dive deep into the trends affecting insurance agents and brokers today and to gain proven strategies and tactics for agency growth. Our hosts facilitate thoughtful panels and 1:1 conversations with a variety of prominent thought leaders, with a focus on how to streamline and drive operational efficiency for your independent agency through the intelligent use of technology.