Navigating debt: Insights from financial leaders in Guam and the region

There’s a slow but seemingly steady interest by Guam employers to adopt self-insure group health plans. It’s one of the changes we’re seeing in Guam’s insurance landscape, according to industry leaders.

For 2023’s advertisements, Guam Business Magazine sought insight from the creators of some of the most engaging ads to grace our publication pages.

In today’s turbulent landscape of health and business, we turn to insurance industry experts operating in the region to shed light on pressing issues. 

The following executives were nominated this year for Guam Business Magazine’s Executive of the Year.

David A. Alcorn is the 2023 Guam Business Magazine Executive of the Year.

In my second year of contributing to this feature, I can say with comfort that 2023 was a year in which our island communities demonstrated resiliency and resourcefulness.

The government’s tax receipts are at record highs.

MICRONESIAN COMPANIES DISPLAY RESILIENCE AMIDST UNCERTAINTY

The inflated cost of goods, freight, personnel, and other challenges are an issue that many regional small businesses face, according to the Guam Business Magazine Small Business survey.