2024 Increased Demand for Insurance Outsourcing
In the dynamic world of insurance, where legacy insurers and startups compete for market dominance, outsourcing has emerged as a game changer.
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.
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).
TikTok has become a dominant player in social media with around 1.53 billion users as of 2023.
Here's a message from Norm Hudson, Co-Founder and CEO of Staff Boom with over two decades of industry expertise. One of the most remarkable aspects of our culture is the collective pursuit of prosperity. It's not just about individual success; it's about lifting everyone together.