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.
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.
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.