Over the last few years, insurance and financial industry trends have fluctuated dramatically. Thanks to the aging baby boomer population, health and life insurers have grown in popularity due to fears over losing retirement savings. Both increases and decreases in growth have been seen among different companies. Banks have also consolidated with smaller banks to offer better rates and services to new and existing customers, though loan growth has slowed. Credit unions have seen a slight decline in business, but larger ones are offering new loan opportunities and cutting costs. Mortgage lenders have also reported growth as home buying costs have decreased. Many companies have expanded their markets or offerings to ensure retention of customers and profits.

1. Insurance and financial industry trends have been
fluctuating dramatically over the last few years. Thanks to
the baby boomers, the health and life insurers have
increased in popularity due to the fears of losing
retirement savings. Overall the upside of it is that there
are some increases as well as decreases in growth among
different companies.

2. Noticing an increased need to consolidate, banks
everywhere have reported slower growth concerning
loans of all kinds. Larger, more popular banks have
consolidated with smaller, less popular banks making the
clientele increase and keep banks from losing money. This
has allowed banks to grow and offer clients, both new and
existing, better rates and opportunities.

3. As far as savings and loans are concerned, credit unions
have reported a slight decline in business. Larger credit
unions have begun offering different loan opportunities
for customers and have cut costs in many different areas
in order to save money. Larger banks are offering better
interest rates for savings accounts and other types of
accounts including CD accounts.

4. Thanks to the cost of buying a home decreasing, mortgage
lenders have reported increases in growth. When
mortgage companies see increases, so do banks, property
insurers, and security brokers. Most markets are seeing
increases because more and more investments are being
made. Consumers are learning how to get the most for the
least amount of money which is helping both the
consumer and the company.

5. Expansion into other markets is how insuring companies
have ensured less loss of clientele and profit. Swift
recovery has been reported by health, life and property
insuring companies and a rise in affordable coverage
demands. To keep the clients they have and gain new,
many companies have begun offering lower rates and
cheaper plans that consumers can afford.

6. The Internet is the primary way of doing business these
days. Whether investing, trading, or banking, doing so
online is the biggest trend among companies and
customers. Industrial numbers have increased thanks to
the option of online, but the need for better security has
become an issue, both on the Internet as well as off.

7. Companies have reported strong and active insurance and
financial industry trends. Each market has seen ups and
downs, and companies are willing to educate consumers
before throwing all their options on the table. More
security for normal business as well as online business has
given consumers and companies more satisfaction
concerning company mergers, less scandals, and safer
transactions.

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