Published on 15 Feb 2022 on Insider Monkey via Yahoo Finance
10 Best Insurance Stocks To Buy Now
In this article, we discuss 10 best insurance stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to 5 Best Insurance Stocks To Buy Now.
Concerns around the normal operation of businesses continue to persist in 2022 but insurance experts predict rapid growth for the insurance industry in the coming months. According to a report by professional services firm Deloitte, a survey of insurance experts reveals that digital and talent transformation is accelerating as the industry adapts to the post-pandemic economy. The demand for insurance is expected to increase by close to 4% in 2022, up from 3.3% in 2021. Growth in China and emerging markets will lead this trend.
The report underlines that the strategic priorities of the industry in 2022 will be based around flexible work models, balancing automation with the “need to maintain a human touch” with customers, and being more proactive in boosting the trust of stakeholders. However, the challenges related to regulation, talent, sustainability, and evolving consumer preferences will act as possible disruptors of this growth. Despite these challenges, Swiss Re predicts that the premium for the insurance industry will rise to a record $7 trillion in 2022.