Anuj Jain discusses how insurers have become more flexible and open to new business arrangements that will help them better handle labor shortage, growing competition, and economic developments.
Anuj Jain, Vice President of Carrier Practice at ReSource Pro, highlighted the lasting impact of the pandemic on the insurance industry in a recent video. Jain noted that insurers have become more flexible and open to new business models, enabling them to better address key challenges such as labor shortages, growing international competition, and evolving economic conditions. According to Jain, this shift in mindset and operations is essential for insurers to remain resilient and competitive in a rapidly changing global market. The pandemic, he said, has accelerated these changes, which are now here to stay.
This is a summary of an interview originally published by AM Best.
