2022 Insurance Industry Predictions

2022 Insurance Industry Predictions

predictions for insurance industry

In our previous blog, we discussed the predicted growth of revenue for the insurance industry in the next 4 years, and tips on how your business can capitalize on it. In this one, we’re discussing other predictions that are happening sooner—specifically this year.

Consumers will prioritize their health

The pandemic left a lasting effect on all of us. Being confronted with a huge chunk of the population getting sick all over the world, some had to face the reality of steep hospitalization costs firsthand, leading to people rediscovering the importance of good health and prevention. With this, a lot of consumers will be prioritizing their health this year, and here comes the opportunity in marketing health-related insurance.

The insurance industry will be affected by the “Great Resignation”

The onslaught of Covid-19 and extended bouts of isolation also led a lot of workers to re-evaluate job security and happiness. This led to employees either quitting their jobs or thinking about it, to pursue jobs that are more meaningful to them. The insurance industry is not spared from this. What’s tougher is that insurers will always need humans. And consumers are always expecting to be able to speak to a human before purchasing insurance.

How can I remedy this?

Consider hiring insurance agent virtual assistants. They’re experienced, skilled, and efficient. Plus, you don’t have to worry about them resigning when you need them most. Virtual Assistant Talent (VAT) can take care of this for you. Get in touch with us today!

Looking for more insurance industry insights, tips, and news?

Visit our BLOG frequently to get more tips, updates, and news. Here are some insurance-related blogs we recommend you read:

WHAT DO INSURANCE CUSTOMERS WANT IN 2022?

SHOULD I HIRE A VIRTUAL ASSISTANT FOR MY INSURANCE BUSINESS?

 

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