One of the most promising markets in the life insurance and annuity industry is the retirement market. It is top of mind in the C-suite, within government, and among both pre- and current retirees. At the heart of this business opportunity is the question of retirement security. What products and services can insurers offer to help their customers achieve it?
Researchers have suggested that patients with favorable intermediate-risk prostate cancer could be treated with active surveillance, similar to the way in which patients with low-risk prostate cancer currently can be.
Many insurance companies have lost billions of dollars in schemes perpetrated by con-artists who are members of two nomadic groups: The Romani and Travellers. While this article discusses the history, culture, and cons of these groups, as well as defines ways to detect insurance fraud committed by these groups, it doesn’t suggest that all members of nomadic groups engage in these activities, and, in fact, many have made positive contributions to society.
Most men with prostate cancer die with the disease rather than of it. This is important to note, especially considering that today’s screening tests may pick up many potentially lower-risk cases.
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 United States, stroke was the fourth leading cause of death in 2013 and about 800,000 people are affected each year. In 2010, deaths due to ischemic strokes which can be attributed to high tobacco consumption accounted for more cases in Russia, China and India than in the rest of the world.
In coming years, expect to see more simplified and consumer-friendly products, including annuities tailored to young workers looking to build a nest egg. Life insurers’ back-office operations will also be better integrated, availing advisors of more cross-selling opportunities across product lines.
In our Outlook on Obesity blog series, we’re looking at some of the key issues, trends and interventions related to obesity, alongside the risks this growing problem presents for insurers.