In the vast realm of financial sectors, the insurance industry stands as a behemoth, with its tentacles reaching into every aspect of modern life. In the United States alone, the life/annuity insurance industry witnessed a staggering surge in revenues, surpassing the one trillion U.S. dollars mark in 2022. This monumental growth, totaling over 80 billion U.S. dollars between 2021 and 2022, underscores the paramount importance of insurance in safeguarding the financial stability of families and individuals.
