Many insurance carriers have illustrated their resilience and adaptability in the face of uncertainty. (Photo: Sofiaworld/Shutterstock) Many insurance carriers have illustrated their resilience and adaptability in the face of uncertainty. (Photo: Sofiaworld/Shutterstock)

The insurance industry has weathered a difficult time and has confronted recent obstacles ranging from an influx of new competitors to technological advancements and premium increases.

Inflation, high interest rates, shifts in consumer demand, skills gaps and climate change are just some of the issues with which the sector continues to grapple, and it looks like there is bound to be more of the same throughout 2023.

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