A challenging year for the industry as regulation forges ahead
December is a time of reflection, and if there is one word that could sum up the operational dynamics of the financial services industry in 2014, that word would be challenging. It has been difficult for industry stakeholders to make a profit in the industry. The cost of doing business increased during the year, and regulation was a major issue for insurers and brokers alike.
Investments get a decent tailwind moving towards 2015
In a constrained economic climate, there is increased pressure on investors to identify ways in which their client’s investments can become profitable. We all know about the strength of investment diversification, therefore we should look at current trends in the market to kick start profitability in the new year.