According to a study by Accenture, in its Insurance Revenue Landscape 2025 report, the global insurance industry revenues are expected to grow to $7.5 trillion by the end of 2025. This is based on industry forecasts and trends from various sources. The growth can be expected despite recent recessionary conditions and Covid-19. Read on to get more information about the study.
Innovation is a must
Despite the historically high customer retention rate, insurers cannot expect this number to hold. The rapidly evolving landscapes state that innovation is a must to thrive in the insurance industry.
Insurance industry revenues are at risk of losing 5% for not adapting to digital channels
We’ve mentioned time and again the importance of adapting your strategies to digital space to thrive in the post-pandemic. This is also in line with a customer expectation to provide a presence across multiple channels, as stated HERE. How can you adapt to ensure higher revenues? Well, for starters, you can fulfill customer expectations by hiring dedicated insurance virtual assistants to make sure a good presence across multiple channels is fulfilled.
Where can I find efficient and effective talents?
You’re in luck! We at Virtual Assistant Talent (VAT) have experienced insurance virtual service assistants in our roster. Eliminate the hassle of hiring new staff. We can take care of that for you. Let’s talk!
Want more industry insights, tips, and reviews?
Visit our BLOG to get industry-specific updates and news that you can apply to your business. We publish new blogs every week! Here are some insurance industry blogs you can check out:
WHAT DO INSURANCE CUSTOMERS WANT IN 2022?
SHOULD I HIRE A VIRTUAL ASSISTANT FOR MY INSURANCE BUSINESS?
