Insurers should be transitioning their operations to accommodate a more flexible and virtual workforce. (iStock)
Sustained economic growth, falling unemployment, and a series of interest rate hikes have bolstered insurer results in 2018. Yet a rising tide won't necessarily lift all boats next year — at least not equally. There are still plenty of fundamental challenges to overcome, as well as transformation opportunities available to improve an insurer's competitive position and bottom line.
Indeed, carriers cannot afford to depend on positive, yet possibly fleeting macroeconomic developments alone to maintain growth and profitability in the short- or long-term. Instead, they need to tackle a much broader, foundational challenge: how to remain relevant in the face of systemic changes in the economy and consumer preferences.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
