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,…
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…
Renters insurance is often required by landlords, but even if it’s not, having this insurance can be a smart choice. Let’s explore what renters insurance is and why it matters. Renters insurance protects your personal belongings in the event of damage or theft. While your landlord’s insurance covers the building and its repairs, it doesn’t…
Divorce is a complex process, often involving untangling various financial and legal ties—including life insurance. While it may seem easier to cancel or cash out your policies, life insurance can remain a vital tool for safeguarding your children and ex-spouse in the event of your passing. To make informed decisions about life insurance during a…
Key Takeaways: Major renovations, such as additions or kitchen remodels, can increase your home’s value and require updated coverage. Improvements like a new roof or security system may lower your insurance premiums. Additions such as pools or rental units can increase liability exposure, leading to higher premiums. Not updating your insurance policy after renovations could…
If you own a home and have a homeowners insurance policy, you likely assume that it covers the full cost of rebuilding your house in the event of damage or destruction from a covered hazard. But have you double-checked to ensure you have enough coverage? Here are two often-overlooked scenarios that could leave you underinsured…
Introduction The insurance sector in India is a vital pillar of the nation’s financial ecosystem, providing risk mitigation, financial security, and economic stability to individuals and businesses. With a history spanning over two centuries, the sector has evolved from rudimentary practices to a sophisticated industry driven by regulatory reforms, technological advancements, and increasing market penetration….
In recent years, the U.S. insurance industry has seen a surge in rebranding efforts from both well-established and newer companies. Whether through full-scale redesigns or subtle updates to logos and slogans, these changes are more than cosmetic — they are strategic moves addressing broader challenges and opportunities in an evolving market. A Protection Business expert…
Obligations: Upon purchasing a policy: Complete the Proposal Form: Ensure the form is filled out accurately and completely as it forms the basis of your insurance agreement. Avoid Blank Sections: Never sign a proposal form that is left blank or incomplete. Fill in all required details. Provide All Relevant Information: Since your signature on the…
