2018 Insurance Industry Outlook.
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Industry trends And strategies to stay competitive
As technology innovation, higher customer expectations and disruptive newcomers redefine the marketplace, insurers remain focused on growing top-line sales, bottom-line profitability, addressing challenges, and competing in a dynamic industry. Our 2018 Insurance Industry Outlook pinpoints key opportunities and threats that should demand attention from insurers over the next 12-to-18 months.
Top insurance industry issues in 2017
Ongoing changes in technology, demography, and consumer needs and expectations continue to disrupt the insurance industry. Combined with recent regulatory and financial reporting developments, these changes are putting severe strain on traditional business models. Many insurers are responding by reimagining their internal operations and business strategies, but the pace of change outside the industry has been relentless and even proactive companies are struggling to remain on the cutting edge. Top Insurance Industry Issues in 2017 focuses on changing business and operating models and the key developments that are causing and being influenced by this change.
AS A BUSINESS OWNER, YOU PROBABLY HAVE LOTS OF STANDING QUESTIONS, LIKE:
- How can I attract the best people to best grow the business?
- If I get hurt or die, what happens to my business?
- Do my suppliers and vendors feel confident that my business will offer continuous service?
- Can my business fund the retirement I envision?
With so much on your mind, it's nice to know that professional guidance is there for you. At Northwestern Mutual, we offer expert guidance through our advisors, who are in business for themselves as well. This expertise has earned us the designation of one of the "World's Most Admired" life insurance companies in 2017 by FORTUNE®.