by Collective Team | Feb 20, 2023
The insurance industry offers a unique service to the economy, offering financial protection against potential losses. By nature, the industry relies heavily on principles like risk and uncertainty to assess the likelihood of such losses and provide coverage that...
by Collective Team | Dec 14, 2022
Insurers faced some uphill battles in 2022, from eye-brow-raising jury verdicts and emerging AI deep fakes to an influx of new claimants seeking compensation for pandemic-related business shutdowns. Amid the mountain of challenges, the traditionally stable...
by Collective Team | Nov 25, 2022
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...
by The Covenir Team | Oct 8, 2022
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, and new competition from...
by The Covenir Team | Sep 21, 2022
Growing your insurance firm in a time of inflation and skills shortages might seem daunting. However, a business process outsourcing (BPO) strategy for administration services could be the key to unleashing your full potential. Read on to learn how outsourced...