Market Insights

What does 2010 have in store for the workers' compensation market? The sector can be considered a mix of good and bad news.

Helping an insured calculate its maximum possible business interruption (BI) loss exposure is one of the thorniest problems an insurance adviser faces, likely to occur because insureds underestimate their BI exposures.

One of the biggest challenges facing the insurance industry is the graying of the work force. Industry studies show that the average age of an insurance professional is 54, and 60 percent of the workforce is now older than 45.

The last year didn't exactly deliver a rebound for insurers, but there are plenty of reasons for hope in 2010. Carriers are continuing to invest in technology that will allow them to begin a new chapter of growth.

While vendors are making strides meeting needs in some areas, insurers continue to demand more improvements in their policy admin systems.

From science fiction to the living room, technology fuels the insurance industry.