Other challenges the health insurance industry must address include an unprecedented workforce shortage in health care, an unprecedented demand for mental health care and increased rates of substance abuse.
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The Conference Board survey also found that most executives don’t think stronger economic growth will return anytime soon.
Leading analysts at Morgan Stanley and Goldman Sachs are saying that the market is not pricing in how bad things will get for companies this year, while a recent survey showed investors are trending neither bullish not bearish but neutral.
Driving productivity and understanding catastrophic risk are two areas in which greater adoption of artificial intelligence can be expected in the coming year.
Indexed universal life is expected to have had a record year in 2022 when the fourth quarter is tallied. But new regulatory guidance this year might disrupt the streak.
The battle against inflation, a possible recession and a potentially flat year for life insurance sales are all top of mind for financial services firms providing critical insights for advisors as they help their clients navigate the challenges and opportunities that lie ahead.
With the current U.S. inflation rate at 7.1%, interest rates rising and housing costs up, many Americans are wondering if a recession is looming.
Federal Reserve officials predicted they’ll need to raise interest rates more than they had planned in 2023 to bring down inflation.
One in three Americans are planning to make finance-related New Year’s resolutions for 2023, according to a new WalletHub survey.
Economists say there is a 7-in-10 likelihood that the U.S. economy will sink into a recession next year, slashing demand forecasts and trimming inflation projections in the wake of massive interest-rate hikes by the Federal Reserve.
Rates will increase and some important coverages will be trimmed.
Many are seeing signs the Federal Reserve Board’s rounds of tightening are coming to an end with inflation easing in 2023.
Make a commitment that you will keep and that will help you move past anxiety and fear to reach your goals.
Over two-thirds of the 708 organizations responding to a recent survey said they plan to enhance health and benefit offerings in 2023, with the clear objective of supporting hiring and retention.
Forward-thinking advisors are embracing a variety of high-tech solutions even as they revisit the older, tried-and-true strategies. Here are 7 ideas advisors can use to boost their marketing plans as they search for growth in the year ahead.
The insurtech sector, once hailed as the great insurance industry disruptor, is looking at a bumpy road for 2023 with investment capital at a premium, stocks in the dumper, recessionary pressures, and the inability to innovate stunting growth, experts say.
The financial outlook for many Americans does not appear to be bright, as many continue to cope with high inflation and financial worries. In fact, more Americans say their financial situation is worse than it was a year ago – and don’t expect it to improve in 2023, according to a recent study.
The life insurance and financial services industries started 2022 with so much promise. What happened and what’s in store for 2023? Two experts from Conning break it down.
Inflation will be the driving force behind a future recession, but it’s not all bad news for stocks.
By tracking driving habits such as braking, acceleration, mileage, etc., insurers can assess risk more accurately, giving them more control over who to take on as a policyholder.
