You may have reached a point where you are considering selling your insurance business. Selling a business is not a decision to take lightly. It requires a series of critical considerations, including timing, maximizing profit potential, navigating the legal and regulatory process, and emotional issues. Bob Lochard From the conglomerate boom in the late 1960s…
Category: Insurance
The Importance of Insurance in Our Lives
“We sell solutions for risks that nobody else wants to take.” That’s what the insurance industry offers the world, according to Teresa Chan. And she should know: Chan brings nearly three decades of insurance industry experience to her role as director of the Master’s in Insurance Management program at Columbia University School of Professional Studies….
Life Insurance Outlook 2024
Key points Buying life insurance will get easier for many buyers as technology, including AI, expedites the underwriting process. Life insurance companies will continue efforts to decrease the coverage need gap. Younger consumers may see more products and processes geared toward their purchasing preferences. Looking for some financial peace of mind in 2024? It’s a…
Best Business Credit Cards for Startups in November 2023
No matter the size or industry, startup businesses often face a lot of initial expenses, like investing in office equipment or traveling to meet investors. Having a business credit card allows you to cover the costs without dipping into your personal savings and can help you keep your business expenses separate from personal ones. Applying…
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Liberty Mutual Auto Insurance Review 2023
Headquartered in Boston, Liberty Mutual is among those rare companies that can boast more than a century of being in business. It was founded in 1912, when the Titanic sinking made headlines, William Howard Taft was president, and the Ford Model T was America’s most popular car. But like any successful, long-running company, Liberty Mutual…
For Better Customer Service, Businesses Are Texting. Are You Ready?
Businesses are turning to texting to provide better customer service. Here’s how. getty Sangam Sahai never imagined he’d be texting his travel insurance company. But after his father, Raghunath, fell and broke his pelvis while visiting him in Austin, Raghunath found himself sending messages to Hop Travel. There were questions about his father’s treatment, handled…
ESG Watch: Battered on all fronts, insurance industry struggles to rise to clima…
From 1980-2022, an estimated 650 billion euros in assets were lost due to weather- and climate-related incidents 45 insurers committed to end or restrict underwriting coal, but top 25 fossil fuel insurers control 69% of market Insurers paying in excess of $100 billion a year for natural catastrophe losses, and premiums are surging Campaigners criticise…