Insurance industry hiring evens out, though some positions remain unfilled

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A new study showed that insurer job availability will continue to be substantial and steady for the next year. Insurance industry hiring is stabilizing as over half of all insurers intend to boost the size of their staff over the next year. The Jacobson Group and Ward Group released their Semi-Annual U.S. Insurance Labor Outlook Study results. Fifty eight percent of insurance companies will be hiring more people in 2018, said the study. The insurance industry hiring trend is greatly supported by a predicted boost in business as well as…

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Zurich insurance company reveals a new tactic in $1 billion deal

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The insurer that suffered striking losses last year and backed out of potential agreements has a new strategy. The Zurich insurance company has now come up with a new strategy to help to recover from a rough period throughout 2014 to 2015 and has revealed that it intends to spend over $1 billion in the purchase of an American agricultural insurer. This is a component of the insurer’s new strategy for acquisitions after having stepped back from RSA in the U.K. Earlier in December, the insurance company’s CEO chose to…

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Life insurance industry experienced worldwide growth last year

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A new Swiss Re report has shown that there was a global gain in this sector, despite only slight economic improvement. Swiss Re, the global reinsurance company, has recently released a report that has shown that the global life insurance industry had managed to gain momentum in 2014, even though the economic situation saw only the slightest growth. The total number of direct premiums that were written increased by 4.3 percent. This is particularly notable following the trend in 2013, in which the total number of direct premiums written had…

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Bitcoin companies are beginning to rely on the insurance industry

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Insurance industry is playing a larger role in the world of digital currencies Lloyd’s of London has released a new report that highlights the risks associated with digital currency, particularly Bitcoin. These currencies are becoming more common throughout the world, being used to purchase products online. In the case of Bitcoin, volatility is a very serious concern, as the value of a single Bitcoin fluctuates wildly on a regular basis. The report from Lloyd’s of London is meant to shed some insight on the risks associated with insuring businesses based…

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Insurance industry may not be living up to expectations

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Insurance agents and brokers are falling behind when it comes to meeting consumer expectations The insurance industry may be having a problem with providing consumers with a favorable experience, according to a report from Market Insight Group and Applied Systems. The report shows that independent insurance agents and brokers are failing to provide their clients with an experience that they have come to expect, which is leading to a disconnect between consumers and the insurance industry. A poor experience could lead consumers to seek coverage from other companies. Report highlights…

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US health insurance industry is doing well, according to report

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Report from Commonwealth Fund shows that the health insurance industry is faring well A new report from the Commonwealth Fund shows that the health insurance industry is doing quite well. There have been concerns that the insurance industry in the United States may suffer as a result of the Affordable Care Act. The legislation was signed into law in 2010 and some insurers had expressed worry over some of the provisions of the federal law. These concerns had to do with how the law would affect the way they do…

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Gaming and insurance industry are thrust into the limelight

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The insurance industry has been involved in gaming for decades Insurance and video games are not a common topic, but the insurance industry has been involved in the gaming world for decades. Over the past several years, gaming has grown from a relatively unpopular pastime to a massive and diverse market, and this means that games have begun to fall under harsh criticism because of their content. In the past, some have tried to blame violent games the reason behind violent behavior. This concept may be affecting the insurance industry…

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Report highlights dropping prices throughout the insurance industry

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Marsh released report denoting the decline in global insurance prices Marsh, a leading insurance broker, has released a new report concerning falling insurance prices throughout the world. The report shows that global insurance prices have fallen by 2.8% year-on-year in the third quarter, which is the sixth consecutive quarter in which price declines have been recorded. Notably, insurance prices in Latin American have fallen more than in any other part of the world. This ongoing trend will have some impact on the insurance industry as a whole. Prices are falling…

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Smartwatches are the insurance technology of choice for the future of the industry

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A recent study has shown that business owners feel wearable technology will be the most practical for their needs. Insurance technology has always been a vital part of the industry, from modeling to risk assessment, communication, and a seemingly endless range of other purposes. A recent study conducted by Live Insurance News has shown that when it comes to the devices used by professionals such as agents, brokers, and agency owners, smartwatches are the clear choice for meeting future needs. That said, while smartwatches do appear to be the preference…

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Insurance industry may face new competition from Google and Amazon

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Google and Amazon may be looking to break into the insurance market The insurance industry may be facing new competition in the next few years from some unexpected rivals. Google and Amazon are beginning to look into the insurance sector, seeing significant promise therein. Consumers throughout the world are beginning to trust large technology and commerce companies with various services. As this trust grows, these companies are beginning to find new ways to engage consumers and offer them products that are in high demand. New competition in the insurance industry…

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