Insurers need to plan for more claims, greater risks, and new regulation.
Many businesses are finding themselves underinsured as inflation drives up prices. Insurers also blame inflation for increased payouts and lower profits. 2023 looks to be more of the same.
Tech innovation, climate change, and a poorly communicated value proposition are creating global protection gaps. Here’s how insurers can adapt and profit.
OneScore uses alternative data like rent to measure creditworthiness, which can support consumers who have minimal or no credit history.
The FTC wants to stop the seemingly never-ending struggles to cancel unwanted subscription plans for gym memberships, cellular plans, apps, and more.
Insurance joins the long list of industries slashing ad budgets: Insurers are among TV’s most recognizable brands, but industry problems have forced them to back down.
It partnered with OpenAI on a ChatGPT plugin to offer users personalized shopping recommendations.
The value of Deutsche Bank shares plummeted on Friday as the price of its credit default swaps spiked. Meanwhile, the news of a probe left UBS and Credit Suisse shares struggling.
Banks will need to manage their net interest margins. One tactic is to reduce rates for savings accounts. Or maybe banks can win more of these new customers’ business instead.
The Big Six are (almost) failing up: Depositors are getting the message that the former Dark Lords of the financial crisis are your savior—when they’re backed by the government.
On this special bonus episode of "The Banking & Payments Show," we take a step back from the Silicon Valley Bank debacle to explore what’s on the horizon for the banking industry. In our "Trouble and Opportunity" segment, we examine the lasting effects from the banking failure (e.g., more regulation) and consider the trends that may arise from this crisis (e.g., more neobanks). Tune in to the conversation between host Rob Rubin and our analyst Tiffani Montez to hear what the path forward will be after the meltdown.
Between bank collapses and a prolonged crypto winter, 2023 has not been kind to the banking industry. But that doesn’t mean things can’t turn around. Here are five charts on what’s good (consumer trust remains steady), what’s bad (crypto’s downfall continues), and some areas of opportunity (the rise of ChatGPT).
Big Tech layoffs in 2023 have already blown past 2022’s total—indicating that job cuts are expected to continue and that they’re now spreading to peripheral industries.
The recent shocks to the US financial system will undoubtedly create a ripple effect for consumers, with many zoning in on what these banking failures mean for their own bank accounts and whether the current state of banking is viable or trustworthy as it now stands.