Outsourcing is a strategic approach that breathes new life into business operations. By forming alliances with outsourcing firms, such as Staff Boom, insurance companies can assign specific tasks to external parties, allowing them to concentrate on more critical ones
Unlicensed partners have become a key factor for success in the insurance industry. This business is composed of numerous necessary mechanical tasks to achieve quality service for clients. In this regard, every company or worker in the insurance business needs to understand what unlicensed partners can do.
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.
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).
By outsourcing, you will have an invaluable strategic approach in minimizing talent gaps in the long-term. Read our article today to learn more.
Staff Boom is committed to recognizing and valuing our employees' exceptional contributions. Through our Quarterly Employee Spotlight series, we showcase exceptional talent within our team and acknowledge their accomplishments.
