TECHGuru

  Term Insurance Companies to Focus on Curating Strategic Plans and Transformation Programs to Launch New Products The finance sector has been consistently treading through uncertainty and exhibited fluctuating growth patterns over the past few years due to an array of factors. A number of insurance companies have entered the current financial ecosystem around the world due to which, there is no dearth of insurance services, particularly in the urban regions of the world. Some of the factors that have had a negative impact on the demand for term insurance include looming threat of a global recession, low interest rates, and stagnant growth. At present, players operating in the current term insurance market landscape are focusing on devising strategic plans and transformation programs to roll out products and solutions to attract a larger consumer base. The evolving demographics around different regions of the world coupled with a considerable shift in lifestyle choices are factors ...