There are a lot of acronyms in insurance. Understanding the distinctions between IMOs, FMOs, NMOs, MGAs, and GAs is essential for navigating the industry effectively. IMOs (Independent Marketing Organizations) focus on recruiting agents and providing…

Cashless payments in North America are set to expand significantly, with a 7% annual growth through 2028. Business-to-business non-cash transactions are projected to grow from $56.2 billion to $75.5 billion over this period. This growth…

Klarna is taking its lead generation strategy to the next level by harnessing generative AI. By integrating tools like Midjourney and DALL-E, Klarna has slashed its marketing costs by $10 million annually while boosting the…

With electric vehicle (EV) demand slowing, Toyota is ramping up its focus on hybrid models. The automaker is now considering hybrids for its entire lineup, moving away from traditional gasoline-powered cars while sticking to its…

Great news for the reinsurance industry 🌟 Moody’s has just upgraded its outlook for global reinsurers from stable to positive. The shift is driven by stronger commercial finance fundamentals—higher pricing, stricter underwriting policies, and healthier…