Latest report shows job stability for the insurance industry

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By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute Dr. Steven Weisbart The employment report for June 2020, just released by the U.S. Bureau of Labor Statistics, has some interesting numbers.­ I’m not referring to the national employment numbers but to the employment numbers for May for the insurance industry. In May, you might remember, the numbers […]

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How vulnerable is the insurance industry to disruption?

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We all know the insurance industry is facing disruption on all sides. Insurers are being challenged to adopt new technologies. They have to compete with digital-first companies. And, at the same time, they’re trying to meet customer expectations that seem to change daily. But how vulnerable is the industry really? Measuring disruption Accenture’s groundbreaking Disruptability… […]

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Latest report shows surprising job gains for the insurance industry

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By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute The employment report for May 2020, just released by the U.S. Bureau of Labor Statistics, has some surprising numbers.­ I’m not referring to the national employment or unemployment numbers (although they are surprising) but to the employment numbers for April for the insurance industry. In April, […]

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Inflation and the P/C Insurance Industry

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Measuring and forecasting inflation is important in setting premiums and anticipating claims. Historically, recessions tend to drive prices down, but that’s not necessarily true for insurance. This presentation by Triple-I Chief Economist Dr. Steven Weisbart looks at insurance prices and the forces that affect them. Source link […]

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