Climate Change's Impact on the Insurance Industry
The insurance industry is feeling the impact of climate change, prompting insurers to reevaluate their strategies. They're wrestling with the necessity for new models that don't solely rely on historical data to anticipate and manage risks resulting from changing weather patterns.
Encouraging Collaboration: Many Insurers Are Experiencing Insufficient Collaboration
Our 2023 Industry Trends Report revealed that many insurers consider collaboration crucial, ranking it as one of the top drivers of innovation, placing third on the list of workforce strategy priorities.
Uncertain Economic Conditions
Insurers reported factors such as ongoing supply chain issues, inflation, and new insurance regulations would be some of the most significant macroeconomic conditions they expected to face in the next two years.
Workforce Dynamics: Challenges Related to Finding and Retaining Employees with the Right Skills
The pandemic had a significant impact on many workforce dynamics and has likely permanently changed the ways employees work, collaborate, and view their relationship with their employer.
Climate Change: The Potential for an Insurance Meltdown
The potential effects of climate change are already forcing insurers to reevaluate their policies to reflect new weather patterns. They must develop new models not necessarily based on historical data to project and mitigate new risk levels.
A Guide to Unsecured Lending Growth
This Earnix guide takes a closer look at this emerging opportunity and offers six ways lenders can win more business and increase growth in unsecured personal lending – without losing sight of profitability.
Unsecured Loans: Price and Product Personalization Are the Name of the Game
Lenders wanting to maintain their competitive advantage and capitalize on the healthy demand for unsecured loans need to be looking for ways to stand out in a crowded marketplace. Additionally, there is a need to consider pricing competition amid market volatility, rising interest rates, and increasing cost of funds.
.jpg&w=1200&q=75)
How to Retain Market Share Amid Declining Auto Originations
Doing business with a smaller pool of customers amid rising interest rates puts a spotlight on risk assessment, competitive pricing strategies, profitability, and market share. Do auto lenders need to make strategic and technological shifts to adjust to the unpredictable market conditions?