Why is Employee Turnover High in the Insurance Industry in 2024?
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 for the Insurance Industry in 2024
Social media content is a great tool for insurance agents to connect with past customers and engage with prospective ones.
10 Tasks an Unlicensed Hire Can Do for You in 2024
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.
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.
Minimum Wage Increase 2024: Impact on Businesses
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.
2024 Cyber Security Risks in Outsourcing
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.
