3 promising industries for starting a business during the pandemic

Entrepreneurs have seized the opportunity to start new companies in a wide variety of industries during the COVID-19 pandemic. While not all of these ventures will be successful, businesses that help alleviate some of the new challenges created by the pandemic are poised for long-term growth. Here are three industries that hold promising opportunities for entrepreneurs looking to start new businesses. 

1. Contactless tech

One of the most significant business opportunities is directly related to one of the most widespread problems of the COVID-19 era: the risk of virus transmission in shared spaces such as retail stores. Many grocery stores and other businesses had already upgraded their point-of-sale systems to allow customers to pay using a smartphone or contactless card before the pandemic. And there’s been more interest this year in “cashierless” systems like those used at Amazon Go stores, says Laura Kennedy, senior lead retail analyst at research firm

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Why you should consider personal loans during the coronavirus pandemic

Personal loans could help cover unexpected expenses with lower interest rates. (iStock)

Millions of Americans face unprecedented personal finance concerns as the coronavirus pandemic continues to affect unemployment rates months after the first case of COVID-19 was reported in the United States.

The Federal Reserve took steps in March to encourage consumer spending by lowering interest rates to near 0%. Rates have stayed low, and projections suggest that the interest rate will remain near 0% until at least 2023.

If you’re considering a personal loan, now may be a good time to move forward so you can take advantage of low rates. Get started on the application process today.

If you still want to do more research before taking out a personal loan, read on.

What is a personal loan?

Personal loans allow you to borrow funds from a lender to use for any expense. Typically, personal loans

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How The Pandemic Offers An Opportunity To Use Digital Tools To Drive Business Improvement

Tom Niehaus is Executive Vice President, North America, at CTG.

Former British Prime Minister Winston Churchill is often credited for saying, “Never let a good crisis go to waste.”

The Covid-19 pandemic undoubtedly qualifies. Over the past few months, many organizations have had to go into extreme lockdown mode, at least temporarily, and adjust the way they work as they scramble to remain viable.

The temptation in a situation like this is to hunker down until the crisis passes and life goes back to “normal.” Yet, times like these also present an opportunity for leaders with vision to seize the high ground. Because when things are already rough, it is often easier to make changes to processes and digital technologies that would meet strong resistance in better times. 

We already see this occurring in some areas. For example, many organizations that are dependent on direct interaction with consumers,

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Can a Personal Loan Help You Cope Financially During This Covid-19 Pandemic?

A lot of people are getting into financial straits because of the COVID-19 pandemic. Due to the measures to flatten the curve of those people infected, governments around the world have mandated to stop many businesses from operating, which led to millions of people losing their jobs and experiencing a significant decline in their income. 

Many households can barely pay their utility bills because they don’t have enough money for such expenses. Plus, the additional costs of buying the required technology for the remote schooling of their children – another feature of the “new normal” – put a heavy burden on the finances of the families that are badly affected by this health crisis. 

For those who don’t have sufficient savings and are struggling to pay for important expenses, you can go to online lenders like GoodCheddar to obtain a personal loan. Here’s what you should know why this loan

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Talcott Resolution employees respond favorably to a financial services business showing strength in a pandemic

During a pandemic and the worst financial downturn since the Great Depression, Talcott Resolution, a life insurance and annuities company in its third year in business, has been hiring.



a man wearing a suit and tie: Pete Sannizzaro, president and chief executive officer of Talcott Resolution.


© Michael McAndrews/Hartford Courant/TNS
Pete Sannizzaro, president and chief executive officer of Talcott Resolution.

The privately held Windsor company, which employs 430, has taken on 39 new workers, with 35 beginning since the company began operating remotely March 13, said Diane Krajewski, chief human resources officer and head of operations. It also hired 10 interns for eight weeks this summer in its actuarial, finance and legal departments.

Financial stability has not been lost on employees of Talcott Resolution, which ranks No. 1 in The Courant Top Workplaces survey for 2020 among midsize companies, the second consecutive year it’s taken the top spot.

Talcott Resolution also has offices in Woodbury, Minnesota, and 30% of the 430 employees at both sites had

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Three Lessons The Life Insurance Industry Learned During The Pandemic

Laura Boylan is the Head of Underwriting Solutions at Haven Life, a digital life insurance agency backed by MassMutual.

For decades, life insurance sales in the United States have been declining, with fewer Americans purchasing life insurance and others remaining underinsured. In late February of this year, however, the Covid-19 pandemic and the resulting financial instability that ensued reminded individuals of their own mortality and the need to protect their loved ones financially. As a result, there has been an uptick in consumer interest and purchase of life insurance products. 

At the same time that demand for life insurance spiked, buyers were locked down at home and afraid to step out into the physical world, making face-to-face sales and in-person medical exams nearly impossible and requiring the industry to navigate new ways of doing business. 

These seismic shifts have led many in the life insurance industry to question traditional

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Financial services sector increases digital ad spending amid pandemic

  • Insider Intelligence publishes thousands of research reports, charts, and forecasts on the Media, Advertising, and Marketing industry. You can learn more about becoming a client here.
  • The following is a preview of the US Financial Services Digital Ad Spending 2020 report.

Despite this year’s decline in total ad spending in the US, the financial services industry will increase its digital ad outlays.

Top strategic initiatives for US financial services executives once the coronavirus pandemic is over

Digital ad spending in the US financial services industry will increase in 2020.

eMarketer


The pandemic has prompted many consumers to reassess their personal finances and change how they bank, leading the industry to continue spending on digital ads. We expect digital ad spending in the US financial services industry will increase 9.7% in 2020, to reach $19.62 billion.

Consumer banks have closed a significant number of branches, temporarily or even permanently, because of the pandemic. Without a physical location to visit, many consumers have shifted to online

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Thousands of businesses got critical loans during pandemic | National News

When a large swath of Connecticut was forced to shut down during the early days of the coronavirus pandemic, state officials quickly created an emergency loan program from scratch, hoping to help small businesses — from pizza shops to yoga studios — weather the economic crisis.

Months later, records obtained by The Associated Press through a Freedom of Information Act request show the fledgling Connecticut Recovery Bridge Loan Program ultimately funded 2,123 one-year, no-interest loans, averaging $19,705 a piece. Because of the massive flood of applications, officials decided to cap loan amounts at $37,500 — half of the $75,000 originally promised when the program was launched in March — to help twice the number of businesses.

The change was made after officials had to stop accepting applications the day after the program was announced and decided to double the $25 million investment to $50 million, underwritten by the state’s venture

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CRUZ: Time to get past throwing money at pandemic, economy | Coronavirus / COVID-19

This summer, we face two simultaneous crises: a public health crisis caused by the coronavirus — a novel virus that has killed hundreds of thousands of people worldwide and more than 10,000 people in Texas — and an economic crisis that has resulted in millions of Americans losing their jobs.

That’s a lot to deal with. There’s not a person in this country who hasn’t been affected by what’s going on. While we’re slowly re-opening, which is good news, the reality is that we still have a long way to go in terms of recovery.

This is unprecedented in our lifetimes. You have to go back to the Great Depression to find a comparable economic catastrophe that has struck the American economy. We have millions of small businesses that have either gone out of business or are on the verge of bankruptcy. So the task going forward is enormous.

In

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Usage-based insurance will gain importance due to pandemic

  • The usage-based insurance market is set to gain importance due to the pandemic.
  • The UBI market is expected to reach $125.7 billion globally by 2027 at a compound annual growth rate of 23.0%.

In our recent Usage-Based Auto Insurance Report, we discussed how this business model, which enables insurers to charge customers per mile they’re driving or based on their driving behavior, rather than demographic information, will continue to grow in importance. The usage-based insurance (UBI) market is expected to reach $125.7 billion globally by 2027 at a compound annual growth rate of 23.0%, up from an estimated $24 billion in 2019, according to Reportlinker.com.

the global usage based insurance market

The usage-based insurance market is set to gain importance due to the pandemic.

Business Insider Intelligence


The coronavirus pandemic is driving the need for alternative insurance models to replace conventional policies. In response to consumers driving less due to lockdown restrictions, many auto insurers had

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