(a)Throughout the entire Coronavirus pandemic, unemployment has been a constant issue. It has been brought to peoples attention through multiple news broadcasts and social media.
(b) This information leads me to believe that an opportunity exists due to the large need of jobs throughout the nation. This will allow small businesses to start up and be able to provide these people with jobs while building their business.
(c) The prototypical customer would be someone who has been financially affected by the Coronavirus pandemic.
(d) I believe this opportunity is relatively easy to exploit due to the high need for jobs for many people.
I saw this opportunity because people in my community are struggling with unemployment.
I saw this opportunity because people in my community are struggling with unemployment.
Economic Trend #2 - Baby Boomers Aren't Retiring
(a) I found this information from multiple news sites and from personal experience. My parents are Baby Boomers and neither of them are able to retire yet.
(b) Because baby boomers aren't retiring, there is an opportunity for investment companies to target these individuals to help them become more financially stable and able to retire.
(c) Baby Boomers.
(d) I believe this is a slightly difficult opportunity because people can simply choose to continue to work. You would have to convince people to invest their money.
(b) Because baby boomers aren't retiring, there is an opportunity for investment companies to target these individuals to help them become more financially stable and able to retire.
(c) Baby Boomers.
(d) I believe this is a slightly difficult opportunity because people can simply choose to continue to work. You would have to convince people to invest their money.
I saw this opportunity because my parents are unable to retire.
Regulatory Trend #1 - Securities finance takes centre stage as SFTR and CSDR strike
(a) https://www.globalcustodian.com/2020-vision-regulatory-trends-define-new-year/
(b), In this article it states how industries need to be more open and adapt to change. These businesses need to become more secure and better efficient in how they help customers.
(c) Businesses that are not up to date and efficient in there sales would be the prototypical customer.
(d) I believe this issue is easy to exploit due to the need of it.
I saw this opportunity due to previous research on security breaches throughout businesses.
(b), In this article it states how industries need to be more open and adapt to change. These businesses need to become more secure and better efficient in how they help customers.
(c) Businesses that are not up to date and efficient in there sales would be the prototypical customer.
(d) I believe this issue is easy to exploit due to the need of it.
I saw this opportunity due to previous research on security breaches throughout businesses.
Regulatory Trend #2
(a) https://www2.deloitte.com/us/en/pages/regulatory/articles/insurance-regulatory-outlook.html
(b) This information states how insurance companies are failing to meet the needs of individuals by helping them cover legal issues and new laws put in place.
(c) The prototypical customer would be most of the US due to the need of insurance.
(d) I believe this opportunity is relatively easy to exploit due to the high demand for good and relaible insurance.
I saw this opportunity due to my personal experience finding good insurance and the lack of help with legal issues.
(a) https://www2.deloitte.com/us/en/pages/regulatory/articles/insurance-regulatory-outlook.html
(b) This information states how insurance companies are failing to meet the needs of individuals by helping them cover legal issues and new laws put in place.
(c) The prototypical customer would be most of the US due to the need of insurance.
(d) I believe this opportunity is relatively easy to exploit due to the high demand for good and relaible insurance.
I saw this opportunity due to my personal experience finding good insurance and the lack of help with legal issues.
Hi Heather,
ReplyDeleteI went to the link to read more about what it was you were trying to share. Unfortunately, there wasn’t much to the article. With that said, I have been in the health insurance industry for almost 13 years. I have seen changes with regulation and the impacts of those changes over my career. Some would argue the affordable care act was a disaster, which it was in some ways, while others may argue it was a saving grace. I will be brief with my view on this topic. In short, the ACA was designed to do 2 things, first bring affordability to the individual consumer and second, to increase availability. It was extremely hard to tackle both at the same time but at least it was a step in the right direction. For example, the affordability helps with individuals and families with limited income to receive discounts on their insurance premiums. This works great if a family is between 100-400% to federal poverty level. If you are outside of that 'window' your premiums may have double or tripled since 2014. Regarding availability, the biggest jump made was the extension of coverage for preexisting conditions. Prior to 2014, if you were responsible for buying your own health insurance (self-employed, unemployed, coverage not available from your employer) you would have to qualify to be insured. A pregnant female, for example, would not qualify for coverage because holding child is considered a preexisting condition. That is just one example of a preexisting. One benefit the availability brought to us was something most people do not even realize wasn’t a standard until 2010, that is preventive care. Prior to 2010, when the first parts of the act were implemented, we would have to pay for our own preventive services. Those services include shot, children wellness visits, annual visits for mammography and paps, blood work etc. Today, those service are covered at no cost.
Hi Heather. I found your second economic trend to be very interesting and I had not thought about it in the way that you broke it down. While some baby boomers are not able to retire, some simply might not want to. I know my grandfather is like that and he feels like he needs work to make his day. To some people, that's all they know.
ReplyDelete