It’s the most wonderful time of the year! Right? Yes! As the end of the year approaches, there are several crucial tasks that need–and should–be completed to ensure you enter 2024 well-prepared. Some are accounting/financial, some are strategic, but all are important! Here’s a quick overview of steps to help prepare for a smooth year-end … Read more
Over the past five years, North American oil and gas operators have increasingly implemented technology and best practices to improve their environmental credentials. Environmental responsibility is no longer a political decision – it’s business. For example, differentiated gas with credentials attached to specific molecules has been sold for a premium to downstream buyers. Other industries, … Read more
“URGENT: WHO has the latest version of the Underwriting Guidelines!?!?” – Email subject heading from an MGA For anyone who is not aware, the idea for my company, ProNavigator, came from a one-and-one-half hour phone call I had with the customer service department of my insurance company. That’s one-and-one-half hours of time that, I, a … Read more
With the release of ChatGPT by OpenAI early this year (2023), a wave of excitement and fear has hit society about these AI tools. We are now hearing stories about students who are using these tools to write their term papers, companies using these tools to write their social media posts, and a slew of … Read more
In a previous article, we discussed the structure and importance of an Income Statement. Today, we are going to review another core financial statement: the Balance Sheet. The Essence of a Balance Sheet in an Insurance Agency Understanding the difference between the Income Statement and the Balance Sheet is crucial. The Income Statement, representing financial … Read more