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Factors such as the pandemic, a recession and the global economy will affect multiple aspects of the insurance industry in 2023.
Climate change is a risk, and "companies are becoming concerned that large swaths of the US could be uninsurable in the future."
By leveraging the right technologies, insurers can overcome financial stress and lean into innovative niche products.
Three-quarters of employees are concerned about the turnover rate at their company, according to a report from the University of Phoenix.
About 42% of employees said they'd consider quitting if forced to return to the office five days a week, says a new report.
Forty-percent of employees are putting job hunting on hold until the economy stabilizes.
Gerald F. Hemphill is excited about insurance-agent opportunities, even in the face of a possible recession.
Insurance innovations enable carriers to use tech to react more quickly to inflationary pressures.
Some 80% of policyholders said there are aspects of their home and auto policies that they want to learn more about or understand better.
Higher claims costs driven by inflation coupled with more frequent claims driven by climate change have had a toll on reinsurers.