Shifting demographics are impacting both the current and future client base for insurance products, which affects almost everything insurance companies do.
Once considered the “younger generation,” millennials are now turning 40. They are a large cohort who are now in the phase of their lives where they are building careers and families and buying homes. Changing life needs create changing insurance needs!
Generation X is nearing retirement age and needs to continue looking at having proper insurance coverage in what many of them consider to be the active prime of their lives.