The Status Quo In Insurance and the Consequences

The Status Quo In Insurance and the Consequences

The insurance industry has awakened from its deep sleep of stale innovation to a world of low-interest rates, regulatory changes, switching demographic behavior and technological advancement. In response to these factors, the insurance industry has started to rethink their business models and processes in order to safeguard their current position and remain competitive. This is for the better because not doing anything has drastic consequences as can be seen in this article. 

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