Risk trends to discuss with financial service clients – PropertyCasualty360

risk-trends-to-discuss-with-financial-service-clients-–-propertycasualty360

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The lingering impact of COVID will carry a litany of challenges, with cybersecurity issues running across many of them.

“What we hear from insureds is a fear of work fatigue. Employees might be at home, but they are working longer hours and ‘always on.’ When there is work fatigue is when errors come in,” Paul Schiavone, of Allianz Global Corporate & Specialty, says. (Credit: doidam10/Adobe Stock) “What we hear from insureds is a fear of work fatigue. Employees might be at home, but they are working longer hours and ‘always on.’ When there is work fatigue is when errors come in,” Paul Schiavone, of Allianz Global Corporate & Specialty, says. (Credit: doidam10/Adobe Stock)

Although the economic outlook is trending up, the financial service industry still faces risks stemming from the pandemic as well as some challenges that existed pre-COVID that were amplified during the past year.

Paul Schiavone, global industry solutions director for financial services at Allianz Global Corporate & Specialty, tells PropretyCasualty360.com the insurance industry should expect COVID to have a lingering impact across lines.

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Steve Hallo

Steve Hallo is an assistant editor with PC360 Group. Prior to his current position, Steve spent nearly a decade covering retail transformation, consumer trends, manufacturing issues and supply chain challenges impacting global CPG markets. He can be reached at [email protected], and on LinkedIn and Twitter.
 

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