Innovation will be necessary to combat the long-term effects of the COVID-19 pandemic on the insurance industry. (Adobe Stock) Innovation will be necessary to combat the long-term effects of the COVID-19 pandemic on the insurance industry. (Adobe Stock)

"Never let a good crisis go to waste."

Those words, reportedly spoken nearly 80 years ago by former British Prime Minister Winston Churchill, ring so very true in 2020. As society faces numerous crises — from racial inequality and social injustice to climate change to a global pandemic — our industry finds itself uniquely positioned.

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