The global insurance industry has been growing at a slower rate than the economies in which they operate. In the United States and Europe, nominal GDP grew at a Compound Annual Growth Rate of 4 percent over the past 20 years, but premium growth grew at a CAGR of 2 percent (according to a 2023/2024 Market Overview by McKinsey).
Social media content is a great tool for insurance agents to connect with past customers and engage with prospective ones.
Focus on what you do best and give your licensed staff the flexibility and support they need. Here are ten tasks an unlicensed hire can do for your business.
In the dynamic world of insurance, where legacy insurers and startups compete for market dominance, outsourcing has emerged as a game changer.
The minimum wage has increased in 23 states in the US throughout 2023 and in January 2024, as part of previously scheduled efforts to reach $15 an hour or to account for cost-of-living changes.
Outsourcing has become a staple in today's business environment. By relying on external vendors to manage non-core activities, companies can focus on their strengths, streamline operations, and achieve cost savings.
