Insurers everywhere are carefully monitoring developments in the global economy, regulatory oversight, promising markets, and more—then positioning themselves for success in a post-financial crisis world.
Around 2.5 million people in Europe are living with HIV.1 The overall prevalence is 0.3% compared to 5% in Sub-Saharan Africa.2 Most European countries have been working to combat the HIV epidemic since the early 1980s. As a result, mortality from AIDS in Europe has steadily decreased since 2001.3 But does this mean that the crisis is really over? And what does this imply for the insurance industry?
This webcast will cover what we currently know about emerging global infectious diseases, reflecting on events from the 1918 Spanish flu to the current Ebola epidemic in West Africa. We will also discuss what tools are available to help the insurance industry better plan for and respond to tomorrow’s inevitable epidemics.
Obesity used to be considered almost exclusively a problem of developed countries. But recently rates of obesity in developing economies have increased abruptly. Indeed, obesity is now often linked to more deaths than malnutrition and some infectious diseases.
Key challenges in 2015 include rising competition, generally soft pricing conditions and tight profit margins. To effectively surmount these problems, many insurers are investing technological solutions that improve front-end sales, distribution and customer service, and enhance back-end operational efficiency and expense management.
Life insurance new product development continues to be negatively impacted by long lead times, both to generate ideas and bring them to market, and the perceived quality of innovation within these new ideas.
In mid-2014, RGA sought to assess and quantify these issues more closely by conducting its first global survey of life insurers.
In the 15 years since India reprivatised its insurance industry, several models have been developed to optimise operations, distribution, and suitability. Mr. Amit Punchhi of RGA examines the three elements that are contributing to the slowing down of the life market’s growth.
Shisha – the practice of smoking tobacco or non-tobacco alternatives in waterpipes – is becoming increasingly popular worldwide. Mr Devesh Anand of RGA Reinsurance Company Middle East Limited looks into the health risks of shisha and the underwriting considerations involved.