Gambling is one of the oldest pastimes in human history, with first accounts of the activity dating back to 500 BC. It is also very popular—statistics show that at least 26% of the world’s population is involved in some form of gambling each year. The casino industry, which includes all gambling activities, is also one […]
Apart from the banking industry, insurance is perhaps the most critical sector in an economy. It provides businesses and individuals protection against financial risks and helps the government finance development projects without borrowing high-interest loans from local and foreign banks. It is no surprise then, that governments encourage citizens to invest in insurance policies, to […]
The world is still in recovery mode amid the evolving global health crisis. Interest rates are lower than ever to encourage loans and investments, however, this has also resulted in minimal returns for paid-in premiums. The insurance sector is seeing an unprecedented decline in product penetration growth—especially in mature markets. The latest statistics have revealed […]
The insurance industry is one of the most important industries in an economy-not only does it provide a respite for individuals when they face financial losses, medical expenses, or retirement, but it also helps governments finance development initiatives to keep the economy stable. In addition, insurance payments prevent businesses from bankruptcy and help keep essential […]
The Coronavirus has dealt a heavy blow to the global economy. No industry, however, has suffered as much as either aviation or tourism. Tourism makes up to 10% of the world’s GDP and creates 1 in every 10 jobs. It’s the livelihood of many people around the world, and developing nations are especially reliant on […]