Heading into 2023, I would encourage the insurance industry to think about openings and closings through the lens of ‘Auld Land Syne,’ which was written by Scottish poet Robert Burns in the late 1700s. ‘Auld Lang Syne’ roughly translates to “old long since” or “times gone by”. The poem and […]
Insurance
12 Types Of Insurance Many Individuals And Businesses Don’t Have (But Should)
All of us are familiar with the adage, “Expect the unexpected.” When a crisis occurs—whether in personal life or a business—it can have devastating financial consequences for everyone affected. Having secure savings can help, but for both individuals and business owners, it’s also important to have thorough insurance coverage. In […]
Reinsurance renewals – market “one of the hardest in memory”
In the midst of these challenging conditions, there was capital erosion of 15.7% to US$355 billion in 2022. This, according to Howden, marked the first full-year decline since 2008. Significantly higher premiums drove the sector’s solvency margin ratio (capital divided by premiums) below 100 as reinsurers were also left more […]
How Foresight CEO uses insurance and tech to create a safer workplace
Insurance can be a force for good. And marrying data points with real world observations and rewarding companies who make their workplaces safer for workers with lower premiums, is a win-win for everyone. “We believe that insurance is a very powerful instrument,” said David Fontain (pictured), CEO and co-founder of […]
CEOs share the one word that captures the insurance mission in 2023
2022 has brought immense challenges to the insurance industry. Economic uncertainty, rising costs, and lengthy supply chain delays impacted every line of business in different ways. Acute talent shortages, adjusting to hybrid or fully remote work models, and attaining better diversity and inclusion (D&I) were some of the issues that […]
Best Health Insurance for the Self Employed of 2023
Ads by Money. We may be compensated if you click this ad.Ad With so many available options and complicated contracts to look at, self-employed individuals may struggle to find the best health insurance plan to fit their needs. Fortunately, plenty of companies offer comprehensive plans and fair pricing for self-employed […]