Limra has launched new resources to promote Life Insurance Awareness Month. These materials aim to educate the public on life insurance benefits. Life Insurance Awareness Month is crucial for informing individuals about the importance of life insurance. Limra has introduced various tools to support this initiative. These resources include educational articles, infographics, and social … Read more
To compare life insurance quotes, gather multiple quotes from different insurers. Evaluate coverage, premiums, and benefits. Life insurance provides financial protection for your loved ones. Choosing the right policy can be challenging due to various options. Comparing quotes helps identify the best value and coverage for your needs. Start by collecting quotes from reputable … Read more
To buy life insurance, compare different policies and consult with a financial advisor. Choose the plan that meets your needs. Life insurance provides financial security for your loved ones. It can cover expenses like debts, mortgages, and education. Start by assessing your financial situation and determining how much coverage you need. Research various insurance … Read more
Reshoring helps risk managers build supply chain resilience by reducing dependency on foreign suppliers and enhancing control over production processes. It mitigates risks associated with geopolitical tensions and logistical disruptions. Reshoring, or bringing manufacturing and production back to the home country, is gaining traction among businesses. This strategy is essential for risk managers aiming … Read more
Climate change is a growing concern for insurers. It leads to increased risks and higher claims costs. Insurers face mounting challenges due to climate change. Extreme weather events like hurricanes, floods, and wildfires are becoming more frequent and severe. These events cause significant property damage, leading to higher insurance claims and payouts. Insurers must … Read more
Solving AI risks requires proper coverage knowledge to ensure safety and efficiency. This involves understanding potential threats and implementing robust safeguards. Artificial Intelligence (AI) presents both opportunities and risks. Effective risk management in AI demands comprehensive knowledge of potential threats and vulnerabilities. Professionals must stay updated on advancements and ethical considerations. Proper coverage knowledge … Read more
Outsmarting geopolitical risks requires robust enterprise risk management strategies. These strategies help businesses navigate uncertainties and maintain stability. Geopolitical risks can disrupt business operations and impact profitability. Companies must adopt comprehensive enterprise risk management (ERM) to mitigate these threats. ERM involves identifying, assessing, and prioritizing risks, followed by coordinated efforts to manage and monitor … Read more
Financial institutions and banks face significant risks from deepfakes, as these technologies can facilitate fraud and misinformation. They must implement robust security measures to mitigate these threats effectively. Deepfakes, which utilize artificial intelligence to create hyper-realistic but fake audio and video content, pose a growing threat to financial institutions and banks. These sophisticated forgeries … Read more
The American Council of Life Insurers (ACLI) supports the proposed changes to insurer investment taxation. The changes aim to boost economic growth. The ACLI believes that updating the taxation of insurer investments will benefit both the insurance industry and the broader economy. These changes could lead to increased investment in various sectors, promoting financial … Read more
Insurance plays a crucial role in supporting the workforce of the future by providing financial security and promoting employee well-being. It helps mitigate risks and ensures stability. Insurance is indispensable for the modern workforce. As industries evolve, employees face new challenges and uncertainties. Comprehensive insurance policies offer a safety net, protecting workers from unforeseen … Read more