With the unprecedented Covid-19 pandemic sitting in our rear-view mirror and the potential for an economic recession looming ahead, the insurance industry is struggling to plan for uncertainty in the consumer market. A record $90 billion of life insurance policies were paid out in 2020 alone; nearly a 16% increase over the previous year. This unexpected volatility is pushing industry leaders to demand more of their Actuarial and FP&A teams. But what makes this industry different and what can be done to ensure insurance businesses are better prepared for the foreseeable future?...
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