That decision to stay put has turned out to be the right one. A niche but highly profitable market within the insurance industry is small business insurance, otherwise known as small commercial insurance. We recently interviewed 700 decision makers from Architecture, Engineering and Consultancy firms to gain more understanding about industry changes and trends and business opportunities and risks. The nation’s $10 trillion pension system is facing formidable new challenges. Almost all public pension funds assume investment returns somewhere around 7% (and some as high as 8%+). Top Issues Facing the Retirement Industry in 2017. One of such risks is a cyber attack. Top Challenges Facing the Insurance Industry 1. A case in point is the primary challenge arising from this year’s survey: GMP reconciliation. When I noticed myself feeling overwhelmed, I worked on my organization and time management skills. Risks faced by insurance companies are quite numerous to mention. The rebound in markets has seen the great majority of DC pension funds recover all their COVID-crash losses, with the average workplace scheme delivering a positive return for younger savers of 0.9 per cent in the year to June 30. Workplace Pensions. 1. The Greatest Challenges Facing the Payments Industry As a thought leader in payment processing, it’s up to my team at Talus Pay to get ahead of the challenges that our small business clients are facing and make sure we provide services that will prepare them for the next 12-24 months ahead. Asking people to save more is critical, but it cannot be all of the solution. Report: The challenges facing pension schemes in 2016. What are the top issues facing the retirement industry, retirement plan sponsors and their employees in the next few years? Cyber Risk. Here is a look at some of the biggest challenges facing the insurance industry, along with ideas and innovations to solve them. Example 3: "As a college freshman, one of my biggest challenges was keeping up with the volume of work compared to what I was used to in college. Retirement outcomes from DC plans are failing. Digitizing Small Commercial. The pension funding gap is a problem for everyone. Research reports. Tweet it: 'What’s the biggest challenge facing the professional services today?'. ... GMP reconciliation biggest challenge . Below Are the 7 Key Challenges Facing the Insurance Industry in 2021. They are considered to be the biggest challenges facing the insurance industry be it in the United States, the UK and other parts of the world. The biggest challenges and opportunities facing the global gas industry Page | 3 Experts from across the industry, academia and NGOs have also drawn up a set of Methane Guiding Principles to help us promote best practice on methane. 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