Future-Proofing Investment Banking: Harnessing Emerging Trends, Overcoming Challenges, and Capitalizing on Opportunities for the Future of Finance

by Hassan Al-Shama | 03 Aug 2023

In this thought provoking piece, Hylman explored the seismic shifts in investment banking, encompassing emerging trends, growth opportunities, challenges, and the future outlook, offering critical insights and strategies for success in this complex industry. As a global management consulting firm, Hylman is uniquely positioned to help companies navigate these changes, leveraging deep industry knowledge, advanced technological capabilities, and strategic acumen on an international scale. Through partnering with Hylman, companies can not only mitigate risks but also seize emerging opportunities, driving innovation, efficiency, and sustainable growth in the dynamic landscape of investment banking.

Investment banking, a vital component of the financial services industry, plays a critical role in the global economy. By offering a range of services – including underwriting, merger and acquisition advisory, asset management, and proprietary trading – investment banks act as the conduit between capital seekers and providers, facilitating economic growth and development.


However, the landscape of investment banking has been undergoing seismic shifts in recent years. The proliferation of technology, changing regulatory frameworks, increased market volatility, and a rising emphasis on sustainability are all reshaping the way investment banks operate and succeed. As a result, the industry is facing an array of complex challenges – but with them come unprecedented opportunities for growth, innovation, and value creation.


In this piece, we delve into the latest trends influencing investment banking, the opportunities ripe for seizing in the sector, and the paths of growth and development that the top players are navigating. We'll also explore the best practices and methods adopted by leading investment banks, recount their major success stories, and highlight the predominant risks and pain points they face. Finally, we'll propose some mitigating solutions, explore the future outlook for the sector, and provide recommendations for companies looking to thrive in the dynamic world of investment banking.


As we proceed, it's vital to remember that investment banking, at its core, is about efficiently allocating capital, managing risk, and generating returns. Regardless of the evolving landscape, these fundamental tenets remain at the heart of the industry. It's how investment banks adapt to serve these tenets in a changing world that will determine their success in the future.



Latest Trends


1. Digitization and Technology Innovation: 


Digitization is not a new trend but continues to evolve, permeating deeper into the investment banking operations. With the COVID-19 pandemic acting as a catalyst, banks are rapidly integrating technology into their models to ensure continuity and efficiency. There are a few key areas within this trend:


- Artificial Intelligence (AI) and Machine Learning (ML): AI and ML are assisting in the automation of routine tasks, reducing operational costs and time. Banks are also using these technologies for predictive analytics, fraud detection, risk management, and enhancing customer service.


- Blockchain: Blockchain technology is gaining momentum in the investment banking industry for its potential to enhance transparency, security, and efficiency in transactions. It's being used in areas like settlements, clearing, and payments, offering the potential to eliminate intermediaries and cut costs.


- Cloud Computing: Investment banks are migrating their infrastructure to the cloud for better scalability, flexibility, and cost-efficiency. Cloud solutions also enable the seamless integration of various banking services, enhancing customer experience.


2. Sustainability and ESG Investing: 


Investment banks are now more conscious of their roles in promoting sustainability. 


- ESG Integration: There's a growing trend of incorporating ESG factors into investment decisions. Banks are launching ESG-oriented funds and portfolios, while also advising clients on sustainable finance options. It's not just about doing good; research shows companies with robust ESG practices often perform better financially in the long run.


- Green Financing: Investment banks are increasing their involvement in green bonds, renewable energy projects, and other forms of green financing. This not only helps combat climate change but also opens up new revenue streams for banks.


3. Increasing Regulatory Scrutiny: 


Since the 2008 financial crisis, there has been heightened regulatory pressure on investment banks. This trend has been reflected in multiple ways:


- Compliance Requirements: Investment banks are enhancing their compliance systems to meet stringent regulations and avoid heavy penalties. This often involves using technologies like AI and ML for real-time compliance checks and automated reporting.


- Risk Management: With regulators emphasizing the importance of robust risk management, banks are investing in advanced risk analytics tools. The goal is to proactively identify, assess, and mitigate various financial and non-financial risks.


- Transparency: Regulators demand greater transparency in investment banking operations to protect investors' interests. As a result, banks are adopting technologies like blockchain to bring more transparency to their transactions.


Sure, let's explore a few additional key trends in investment banking:


4. Rising Importance of Data Analytics:


Investment banks are capitalizing on the potential of big data and advanced analytics to drive informed decision-making, enhance risk management, and deliver personalized services. The use of analytics allows them to identify patterns and correlations that can influence strategic decisions. For instance, predictive analytics can help anticipate market trends or client behavior, enabling proactive actions.


5. Emphasis on Cybersecurity:


As digitalization deepens, so does the threat landscape. Cybersecurity has surged to the top of agendas, with investment banks investing heavily in strengthening their cyber defenses and resilience. This involves implementing advanced security measures, continuous monitoring, robust incident response plans, and regular employee training.


6. Fintech Collaboration and Integration:


Investment banks are no longer viewing fintech startups as competitors but as potential partners. Collaborations and integrations with fintechs can accelerate digital transformation efforts, enabling banks to leverage innovative technologies and business models. For instance, banks might partner with fintechs specializing in AI, blockchain, or robo-advisory to enhance their offerings.


7. The Rise of Platform-as-a-Service (PaaS):


Following the footsteps of the tech industry, investment banking is also moving towards a platform-based approach. PaaS models allow banks to offer various financial services on a single platform, creating a one-stop solution for clients. This not only streamlines operations but also improves the customer experience.


8. Personalization and Enhanced Client Experience:


In an increasingly competitive landscape, investment banks are focusing more on delivering personalized, seamless experiences to their clients. This involves using data analytics to understand clients' preferences and needs better, and tailoring services accordingly. Banks are also leveraging technology to offer 24/7 services, multi-channel support, and enhanced digital interfaces.


9. Decentralized Finance (DeFi):


While still in its nascent stage, DeFi has the potential to redefine the investment banking landscape. DeFi leverages blockchain technology to offer decentralized alternatives to traditional financial instruments, potentially eliminating intermediaries and offering greater accessibility. It’s a space to watch in the coming years.



Opportunities in the Sector


1. Data Analytics and Fintech Collaborations: 


Investment banks can leverage data analytics to gain a competitive edge in multiple ways. Data can help understand customer behavior, anticipate market trends, enhance risk management, and streamline operations. By collaborating with fintech firms specializing in data analytics, banks can access advanced tools and expertise, helping them to harness the full potential of their data.


Moreover, fintech collaborations offer numerous other opportunities. Fintech startups bring innovative technologies, agile methodologies, and customer-centric approaches. Banks can tap into these to accelerate their digital transformation efforts, enhance their product offerings, and improve customer experiences.


2. Robo-Advisory Services: 


The rise of robo-advisors presents a significant opportunity for investment banks. Robo-advisors use algorithms to provide automated, personalized investment advice to clients. They can handle large volumes of clients at lower costs compared to traditional advisors. By incorporating robo-advisory services, banks can attract a broader customer base, including tech-savvy millennials and the growing mass-affluent segment.


3. Green Financing and ESG Investing: 


With the increasing focus on sustainability, there's a growing demand for green financing and ESG investing. Investment banks can capitalize on this by offering green bonds, investing in renewable energy projects, launching ESG-oriented funds, and advising clients on sustainable finance options. This can not only contribute to sustainable development but also open up new revenue streams for banks.


4. Expansion into Emerging Markets: 


Emerging markets like China, India, Brazil, and several African nations represent significant growth opportunities for investment banks. These markets are witnessing rapid economic growth, urbanization, and increasing financial literacy, leading to a surge in demand for capital market products, advisory services, and wealth management. However, banks need to navigate challenges like regulatory hurdles, cultural differences, and political risks in these markets.


5. Digitization of Services: 


As more customers prefer online services, there's a huge opportunity for banks to digitize their offerings. This includes digital trading platforms, online advisory services, mobile banking apps, and more. Besides enhancing customer convenience, digitization can also lead to operational efficiency and cost savings for banks.


6. Enhancing Cybersecurity Solutions: 


The rising threat of cyber attacks presents an opportunity for banks to differentiate themselves by offering robust cybersecurity solutions. By investing in advanced security measures and demonstrating their commitment to protecting customer data, banks can build trust and loyalty among customers.



Growth and Development


1. Digital Transformation for Operational Efficiency:


A key area of growth and development for investment banks is the implementation of digital technologies throughout their operations. Banks can increase efficiency and reduce costs by automating manual, repetitive tasks using AI and machine learning, streamlining their processes. 


2. Enhanced Risk Management:


Growth in investment banking also stems from the ongoing development of robust risk management systems. With the aid of AI and machine learning, banks can identify and respond to potential risks more swiftly and accurately, thereby minimizing losses and optimizing investment outcomes.


3. Client-Centric Innovation:


With customer expectations evolving rapidly, there's a need for banks to innovate continually around their product and service offerings. This involves personalizing services, enhancing digital interfaces, and improving overall customer experience. A client-centric approach can drive client loyalty and attract new business, fueling growth.


4. Expansion in New Markets:


Investment banks can pursue growth by expanding their footprints in emerging markets. These markets offer vast untapped potential due to their burgeoning middle class and increasing financial literacy. However, entering these markets requires careful navigation of local regulatory landscapes, cultural differences, and unique market dynamics.


5. ESG and Green Financing:


ESG and green financing represent significant growth avenues for investment banks. By integrating ESG factors into their investment decisions, banks can attract more clients who prioritize sustainable investing. In addition, green financing offers opportunities for banks to participate in projects that have environmental benefits, tapping into a rapidly expanding market.


6. Investment in Talent and Skills Development:


With the rise of new technologies, there's a growing need for banks to upskill their workforce continually. Investment in talent development ensures banks have the necessary skills in-house to keep pace with the digital transformation, stay compliant with evolving regulations, and deliver superior service to clients.


7. Strengthening Cybersecurity:


While cybersecurity is often viewed from a risk mitigation perspective, it is also a growth opportunity. As banks improve their cybersecurity capabilities, they can gain customer trust and confidence, which can indirectly drive business growth. Banks can also offer cybersecurity solutions to clients as a value-added service, creating a new revenue stream.



Best Practices


1. Leveraging Technology:


The best investment banks recognize the transformative power of technology. They use it to enhance decision-making, streamline operations, improve customer service, and create competitive advantages. Examples include AI and ML for automation and predictive analytics, blockchain for secure and transparent transactions, and cloud solutions for flexible and scalable infrastructure.


2. Robust Risk Management:


Top investment banks place a strong emphasis on risk management. They adopt a proactive approach, continuously identifying, assessing, and mitigating risks using advanced analytics tools. They also ensure their risk management strategies are aligned with their overall business strategies and regulatory requirements.


3. Strong Compliance Systems:


Regulatory compliance is paramount in investment banking. Leading players invest in robust compliance systems to ensure they meet all regulatory obligations. They often leverage technologies like AI and ML for real-time compliance checks, automated reporting, and fraud detection.


4. Client-Centric Approach:


Successful investment banks are highly customer-focused. They strive to understand their clients' needs and preferences deeply and tailor their services accordingly. They use data analytics to gain insights into client behavior and enhance their product offerings and customer experiences.


5. Talent Management:


Top investment banks recognize that their people are their most valuable asset. They invest heavily in talent acquisition, development, and retention. This includes providing ongoing training and development opportunities, creating an inclusive and engaging work environment, and offering competitive compensation and benefits.


6. Commitment to Sustainability:


More and more leading investment banks are integrating sustainability into their business models. They incorporate ESG factors into their investment decisions, offer green financing options, and commit to reducing their own environmental footprint. This not only contributes to sustainable development but also enhances their corporate reputation and attracts socially conscious investors.


7. Agile and Innovative Culture:


The best investment banks foster a culture of agility and innovation. They encourage their employees to think outside the box, take calculated risks, and constantly seek new ways to improve. This helps them stay ahead of industry trends, adapt to changing market conditions, and continually deliver value to their clients.



Major Success Stories


1. Goldman Sachs and its Emphasis on Technology:


Goldman Sachs has been a trailblazer in embracing technology in investment banking. Recognizing the potential of AI, machine learning, and data analytics early on, the bank made significant investments in these areas. One notable success is "Marcus," their digital-only consumer bank that achieved over $110 billion in deposits as of 2022. They also launched "Marquee," a digital platform providing clients access to the bank's analytics, data, content, and execution capabilities. These innovative initiatives highlight Goldman Sachs' ability to reinvent itself amidst industry changes and maintain its leading position.


2. JPMorgan Chase and the Green Bond Boom:


JPMorgan has demonstrated leadership in green financing. The bank is not only one of the largest issuers of green bonds but also plays a crucial role in underwriting and advising green bond issuances by other entities. In 2020 alone, JPMorgan Chase was involved in $23.7 billion worth of green bonds transactions. This commitment to sustainable finance contributes to environmental efforts and positions JPMorgan as a pioneer in this growing market.


3. Morgan Stanley and ESG Integration:


Morgan Stanley has been a leader in integrating ESG factors into investment banking. Their Institute for Sustainable Investing works to promote sustainable finance practices across the firm and the industry. Morgan Stanley also launched the Investing with Impact Platform, which allows clients to invest in alignment with their ESG goals. As of 2022, the platform accrued $70 billion in AUM over 10 years.


4. Citigroup and Expansion in Emerging Markets:


Citigroup has been successful in capitalizing on the growth opportunities in emerging markets. With operations in over 160 countries, Citigroup has managed to navigate the complex regulatory landscapes and cultural nuances in these markets. Their global network gives them a competitive advantage in serving multinational clients and participating in cross-border transactions.


5. Barclays and Cybersecurity:


Barclays has taken a proactive approach to cybersecurity, investing in advanced security measures and partnering with leading cybersecurity firms. They also launched the Barclays Cybersecurity Innovation Hub, which provides clients with insights and advice on managing cyber risks. These efforts not only protect the bank and its clients from cyber threats but also enhance the bank's reputation for security and trustworthiness.



Risks and Pain Points


1. Cybersecurity Threats:


With the industry becoming increasingly digital, cybersecurity has turned into a significant concern. The financial sector, including investment banks, often faces sophisticated cyber-attacks leading to data breaches, identity theft, and monetary losses, damaging their reputation and undermining customer trust.


2. Regulatory Compliance:


The regulatory environment for investment banks is complex and continually evolving. Banks need to comply with a wide range of regulations, such as those related to capital adequacy, risk management, customer protection, and financial reporting. Non-compliance can lead to hefty fines, legal consequences, and reputational damage.


3. Market Volatility:


Investment banks are exposed to various market risks, including interest rate risk, currency risk, commodity risk, and equity risk. Unpredictable changes in market conditions can affect the value of the banks' investments and trading portfolios, potentially leading to significant financial losses.


4. Technological Disruption:


Rapid advancements in technology are disrupting the traditional investment banking model. Fintech startups are introducing innovative business models and services, posing a competitive threat to established banks. Adapting to these changes requires significant investments in technology and digital skills, which can strain banks' resources.


5. Sustainability Pressures:


There's growing pressure from investors, regulators, and society for banks to operate sustainably and responsibly. This includes integrating ESG factors into their investment decisions, reducing their environmental footprint, and contributing to social and economic development. However, implementing sustainable practices can be challenging and requires a fundamental shift in banks' strategies and operations.


6. Talent Retention:


Attracting and retaining top talent is a persistent challenge for investment banks. The industry's demanding work culture, combined with the allure of tech companies and startups, makes it difficult for banks to keep their best employees. A high turnover rate can affect the banks' performance and growth.


7. Geopolitical Risks:


Investment banks operating in multiple countries are exposed to geopolitical risks. Political instability, regulatory changes, economic crises, and conflicts can affect the banks' operations and investment outcomes in these countries.



Mitigating Solutions


1. Strengthening Cybersecurity Measures:


Banks must invest heavily in their cybersecurity infrastructure, ensuring they use the latest technologies to prevent, detect, and respond to cyber threats. This includes encryption, two-factor authentication, intrusion detection systems, and firewalls. Employee training is also crucial, as human error often plays a role in security breaches.


2. Robust Compliance Management:


To manage compliance risk, banks should implement comprehensive compliance management systems. This includes regulatory tracking to keep up with changing regulations, risk assessment to identify areas of non-compliance, and reporting tools to meet regulatory reporting requirements. Technology can play a significant role here, with solutions like AI and machine learning helping automate and improve compliance processes.


3. Advanced Risk Management Tools:


To mitigate market risk, banks should use advanced risk management tools that allow for real-time risk assessment, scenario analysis, and stress testing. Diversification of their investment and trading portfolios can also help spread risk.


4. Embracing Digital Transformation:


To adapt to technological disruption, banks need to embrace digital transformation. This involves investing in innovative technologies, digitizing their services and operations, and fostering a culture of innovation. Collaboration with fintech firms can also be beneficial, as it allows banks to tap into the fintechs' technological expertise and innovative capabilities.


5. Integrating Sustainability:


To address sustainability pressures, banks need to integrate sustainability into their business strategies. This includes considering ESG factors in their investment decisions, offering green financing options, and taking steps to reduce their environmental impact. Transparent reporting on their sustainability performance can also help earn trust from stakeholders.


6. Talent Management Strategies:


Retaining top talent requires a multifaceted approach. This includes offering competitive compensation and benefits, providing opportunities for learning and development, maintaining a positive work culture, and recognizing and rewarding employee achievements. Flexible work arrangements and work-life balance initiatives can also help improve employee satisfaction and retention.


7. Geopolitical Risk Management:


To manage geopolitical risks, banks should diversify their operations and investments across different geographical regions. They should also closely monitor geopolitical developments and adapt their strategies accordingly. Engaging local experts can help understand and navigate the unique challenges in each market.



Future Outlook


1. Increased Technological Integration:


The adoption and integration of technology will continue to play a critical role in the investment banking sector. Artificial intelligence, machine learning, blockchain, and data analytics are expected to become even more embedded in investment banking processes, driving efficiency, risk management, and customer service.


2. Shift Towards Sustainable Finance:


As global awareness and concern for environmental and social issues grow, the shift towards sustainable finance is expected to accelerate. Investment banks will increasingly integrate ESG factors into their investment decisions and offer more green financing options. Sustainability will become a key determinant of investment banks' reputation and performance.


3. Continued Regulatory Evolution:


Regulations governing investment banking are likely to continue evolving in response to technological developments, market dynamics, and societal demands. Regulatory focus areas might include data protection, sustainable finance, fintech regulation, and financial stability. Banks will need to stay agile to comply with changing regulatory requirements.


4. Greater Market Volatility:


Given geopolitical uncertainties, economic disparities, and pandemic aftermath, market volatility is likely to persist. Investment banks will need to adapt their strategies to navigate these uncertainties and manage their risk exposure effectively.


5. Rising Importance of Cybersecurity:


As cyber threats become more sophisticated, cybersecurity will become even more critical. Investment banks will need to continually upgrade their cybersecurity measures and invest in advanced technologies to protect their operations and customer data.


6. Growing Role of Data Analytics:


Data analytics will play an even bigger role in investment banking. Banks will leverage data to gain deeper insights into market trends, customer behavior, and operational efficiency. Data-driven decision making will be a key competitive advantage in the industry.


7. Talent Transformation:


The demand for digital skills in investment banking will continue to grow. Banks will need to invest in training and development to upskill their workforce and attract new talent. The industry's work culture might also shift, with more focus on work-life balance, diversity, and inclusion.



Recommendations to Companies


1. Invest in Technology:


It's crucial for investment banks to continue investing in technology, whether that be in AI, machine learning, data analytics, blockchain, or cybersecurity. Fintech partnerships can also be a useful strategy for accessing innovative technologies and capabilities. By leveraging these technologies, banks can improve their efficiency, risk management, decision-making, and customer service.


2. Strengthen ESG Integration:


Banks should further integrate ESG factors into their investment decisions and offer more sustainable finance options. They should also strive to reduce their own environmental impact and contribute positively to social issues. Transparent reporting on their ESG performance can enhance their reputation and attract socially conscious investors.


3. Enhance Compliance Management:


Investment banks should strengthen their compliance management systems to cope with the evolving regulatory landscape. This includes tracking regulatory changes, conducting regular compliance audits, and automating compliance processes where possible. Investing in compliance training for employees is also recommended.


4. Diversify Portfolio:


To manage market volatility and geopolitical risks, banks should diversify their operations and investment portfolios across different sectors and geographic regions. They should also employ advanced risk management tools and techniques to monitor and mitigate their risk exposure in real-time.


5. Prioritize Cybersecurity:


Investment banks should prioritize cybersecurity, investing in advanced security measures, and regularly testing their security defenses. Training employees on cybersecurity best practices can also help prevent security breaches caused by human error.


6. Leverage Data Analytics:


Banks should leverage data analytics to gain insights into market trends, customer behavior, and operational efficiency. This can inform their strategies, enhance their customer service, and help them stay ahead of the competition.


7. Invest in Talent:


Investment banks should invest in their people, offering ongoing training and development opportunities, maintaining a positive and inclusive work culture, and providing competitive compensation and benefits. Adapting to flexible work arrangements and work-life balance initiatives can also help attract and retain top talent.



Investment banking stands at the crossroads of technological innovation, financial regulation, and global economic trends. The industry continues to evolve, shaped by forces that range from the rise of AI and big data to a growing emphasis on sustainability and ethical considerations in finance. The challenges investment banks face are substantial, but so are the opportunities for those that can adapt, innovate, and lead the way forward.


The trends explored in this piece - from digital transformation and sustainable finance to geopolitical risks and talent transformation - are transforming investment banking, offering new ways to create value and competitive advantage. The opportunities in the sector are vast, from capitalizing on fintech partnerships and ESG investing to leveraging data analytics and blockchain technology.


As the sector grows and develops, the best practices and methods adopted by top players can provide valuable insights for others. Key success stories in the industry highlight the potential rewards for innovation, strategic risk-taking, and customer-focused service. However, the risks and pain points in investment banking - such as cybersecurity threats, regulatory compliance, and market volatility - underline the complexities and challenges inherent in the industry.


While these issues require robust mitigating solutions, they also present opportunities for banks to innovate and differentiate themselves. The future outlook for investment banking is a dynamic one, shaped by technology, regulation, market trends, and societal values. As we look to this future, it is clear that the industry's success will depend on its ability to navigate these changes effectively.


The world of investment banking is undergoing significant transformation, and the pace of change is unlikely to slow down. For investment banks looking to succeed in this dynamic environment, the key will be to remain agile, forward-thinking, and customer-centric, all while maintaining a strong focus on risk management and regulatory compliance. As history has shown, the most successful players in investment banking are those that not only adapt to change but also anticipate it and turn it into opportunity. That remains as true today as it ever was.

Hassan Al-Shama

CEO | Strategy, Real Estate, Commerce

Exposed to a wide array of sectors, Hassan consolidates his global experiences and packages that through innovation brought to the table believing in the vision of changing the way we do things. He believes that full potential is still locked away and clients are not getting the optimal value needed. With transformational strategies, Hassan leads with a vision of a bright future to fix the limitations and unleash a world of prosperity.


Future-Proofing Investment Banking: Harnessing Emerging Trends, Overcoming Challenges, and Capitalizing on Opportunities for the Future of Finance

In this thought provoking piece, Hylman explored the seismic shifts in investment banking, encompassing emerging trends, growth opportunities, challenges, and the future outlook, offering critical insights and strategies for success in this complex industry. As a global management consulting firm, Hylman is uniquely positioned to help companies navigate these changes, leveraging deep industry knowledge, advanced technological capabilities, and strategic acumen on an international scale. Through partnering with Hylman, companies can not only mitigate risks but also seize emerging opportunities, driving innovation, efficiency, and sustainable growth in the dynamic landscape of investment banking.

by Hassan Al-Shama | 03 Aug 2023

Mastering the Financial Services Winds of Change: A Pioneering Approach to Driving Industry Excellence

This thought provoking piece provides a comprehensive exploration of the dynamic landscape of the financial services industry, highlighting current trends, opportunities, risks, and strategic solutions, while offering a glimpse into its promising future. As industries are increasingly affected by these financial shifts, Hylman, the global management consulting firm, stands out as the ideal partner, with its deep industry expertise, proven track record, and ability to devise innovative, customized solutions to help businesses navigate these complexities, leverage opportunities, and achieve sustainable growth in this transformative era.

by Yaman Al-Shama | 01 Aug 2023

Insuring Tomorrow's Success: Unleashing Success by Accelerating Growth and Innovation in a Dynamic Landscape

In this thought-provoking piece, Hylman explores the transformative landscape of the insurance industry, uncovering key trends, opportunities, and challenges. As a global management consulting firm, Hylman stands out as the preferred partner for insurance companies seeking unparalleled expertise in digital transformation, innovation, customer-centric strategies, risk management, and strategic planning. With Hylman's visionary insights and tailored solutions, companies can confidently navigate the industry's evolution, unlocking their full potential and securing a position at the forefront of the ever-changing insurance landscape.

by Hassan Al-Shama | 19 Jun 2023