Welcome to Echo, your monthly update on business highlights and trends.
First up, the 2024 Year-End NFP P&C Client Trend Report is now available.
This P&C trend report offers expert insights across key industries to help you navigate evolving risks and opportunities.
The P&C client trend report spotlights construction and infrastructure and discusses how technology is helping builders manage risk and cut costs.
To learn about property and casualty insurance trends in real estate, life sciences, law firms, private equity, construction and more, be sure to check out the full report.
Speaking of technology in construction, IoT, or the Internet of Things, is transforming the construction industry.
Technology like an IoT backbone is helping builders enhance jobsite efficiency. An IoT backbone is a digital framework that connects a wide range of devices, sensors and other items to a central platform.
It functions as a digital operating system for a jobsite. And builders are taking advantage of IoT in construction for its operational and safety benefits.
Finally, the GLP-1 drug market is still booming and getting more competitive.
The diabetes and weight loss medication Zepbound is showing some significant weight loss advantages over leading GLP-1 drug Wegovy.
For 2025, the GLP-1 category is projected to see a 9% increase in employer-sponsored healthcare costs. But some GLP-1s are now going generic (which means lower costs).
To get the full scoop on P&C trends, IoT backbones and GLP-1 drugs like Zepbound, check out the linked resources and visit NFP.com.
NFP's March Echo, your source for quick insights into business and industry trends.
In this month’s Echo we’re diving into three key topics:
2024 Year-End NFP Property and Casualty Client Trend Report
Stay ahead of the curve with the 2024 Year-End NFP P&C Client Trend Report. Gain expert insights into property and casualty insurance trends across industries like real estate, life sciences, law firms, private equity, and construction to help you navigate shifting risks and opportunities.
IoT Backbones in Construction
The construction industry is going digital with IoT backbones. An IoT backbone is a smart framework that connects devices, sensors and jobsite systems into a centralized platform. IoT in construction is revolutionizing operational efficiency and safety, making technology-enhanced jobsites the new standard.
GLP-1 Drugs and Market Competition
The GLP-1 drug market is booming and competition is rising. Diabetes and weight-loss medication Zepbound is showing some significant weight loss advantages over leading GLP-1 drug, Wegovy. Consequently, employer-sponsored healthcare costs for GLP-1 drugs are projected to rise by 9% in 2025; however, generic GLP-1 medications are entering the market, which means lower costs.
Thanks for watching Echo — stay tuned for next month’s insights!
