by Collective Team | Nov 25, 2022 | Last Updated: Dec 19, 2024
A shortage of talent is a challenge for every business in every sector right now, and insurance isn’t exempt: Filling open positions and improving employee retention are two major concerns facing insurance firms. Some 55 percent of insurance executives see talent...
Insurance companies face a variety of challenges – both old and new. Issues like cut-throat competition, strict regulations, and government policies have been around for some time. More recently, extreme weather events, skills shortages, new competition from...
Insurance policies give people the comfort of knowing they’ll be financially covered in the event of an unwelcome casualty or loss. Insurance Claims Outsourcing enhances this comfort by ensuring efficient and timely processing of claims, providing policyholders with...
Unlike industries like leisure and hospitality that provide services that offer inherently positive experiences for consumers, insurance companies need to work a little harder if they hope to delight their customers. That’s because, in many cases, when people contact...
Property and casualty (P&C) insurance represents USD 1.6 trillion in premiums – about one-third of the total insurance industry. However, insurers in this sector seeking to maintain their profitability need to be cognizant of evolving customer behaviors and keep...
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