Imagine holding the latest smartphone in your hands—sleek, powerful, and packed with all the newest features. Sounds great, right? But let’s face it, dropping a big chunk of money upfront can be tough on your budget. Sure, you could save up for a few months… but why wait when there’s an easier way? That’s where…
Over the past several years, the insurance brokerage market has seen strong and steady growth. Revenue, profitability, and shareholder value have all climbed, thanks to supportive economic conditions. Mergers and acquisitions (M&A) have been especially active, fueled by easy access to low-cost capital and the reliable cash flow typical of the industry. At the same…
Commercial insurance companies are buzzing with excitement over generative AI (gen AI)—and for good reason. This technology has the potential to add a whopping $2.6 to $4.4 trillion to the global economy each year. To put that in perspective, that’s about the size of the UK’s entire GDP in 2023 (roughly $3.3 trillion)! For insurers,…
Commodity-exporting developing countries often get a bad rap for having fiscal policies that seem to add more ups and downs to their economies. Typically, these countries spend more when commodity prices—and government revenues—are high, and cut back when prices drop. This is known as procyclical spending. The usual advice? Keep spending steady no matter what’s…
A life insurance policy is a contract between an insurance company and an individual, known as the policyholder. In this agreement, the insurer promises to provide a predetermined sum of money—called a death benefit—to the policyholder’s beneficiaries in the event of their death. This financial support helps the insured’s loved ones maintain stability during a…
When it comes to keeping our valuables safe, we all want peace of mind. A common question people ask is: Should I use a bank locker or just keep things in a safe at home? While both can be good options, bank lockers do offer a few extra layers of protection that are hard to…
Big changes are coming to the Life & Annuity industry in 2025, thanks to fast-moving technology, changing demographics, and rising customer expectations. According to Swiss Re, life insurance is expected to grow globally by about 3% a year in 2025 and 2026—that’s more than double the growth rate of the past 10 years! To keep…
The financial services industry is going through a big transformation—just like many other sectors. The goal? Finding new ways to boost revenue and improve profits. A lot of this change is being driven by fresh business models powered by cutting-edge technologies, all designed to keep up with growing client expectations. Like others, banks and financial…
