Guy Carpenter announced today the appointment of Benjamin Keslowitz as U.S. Life Leader, with immediate effect. ... Continue Reading »
life insurance
Standard & Poor’s Outlook on COVID-19 Part Three: U.S. Life Insurance Sector Outlook Remains Stable
S&P maintains a stable outlook for the U.S. life insurance sector, and assigned a stable outlook to over 90 percent of life insurers. The rating agency views asset risk as the most significant and immediate concern for the sector, over other factors relating to equity market volatility, near-zero interest rates and increased mortality risk. ... Continue Reading »
Digitalized Life Insurance: How Life Insurers Can Realize Value From Digital
While the new disruptive InsurTech companies were initially written off by carriers, citing woefully unprofitable combined ratios, they are trending positively and could soon see underwriting profits. Most recently, given the thousands of companies who have entered the market in the last five years, the focus is on partnerships in various forms. Incumbents are utilizing ... Continue Reading »
Unlocking Inforce Value in Asia-Pacific: The USD 10 Billion Opportunity For Life Insurers
The current life reinsurance model has at best been managed passively; and at worst, has been a "set-and-forget" exercise. Notably, neither approach will fully satisfy risk management, capital management and relationship management objectives. Operationally, this approach limits insurers' ability to manage risks from a top down perspective and actively adjust the underlying ... Continue Reading »
Twelve Post-Pandemic Telehealth Predictions
Patient volume is tumbling due to elective surgery and travel restrictions, “shelter in place” recommendations, state-mandated closures, and patients' greater reluctance to visit emergency departments, according to Bruce Hamory, MD, Partner and Chief Medical Officer in Oliver Wyman's Health & Life Sciences group and Deirdre Baggot, PhD, RN and Partner in Oliver Wyman's ... Continue Reading »
Benchmarking COVID-19 – An Actuarial Perspective
Leveraging publicly available information and the insights of a variety of in-house specialists, including those that helped create the original US Centers for Disease Control and Prevention (CDC) pandemic response protocols, Oliver Wyman has prepared some actuarial considerations to assist insurers assessing COVID-19’s potential impact to their business. Oliver Wyman is an ... Continue Reading »
Navigating the Insurtech Market
Innovation has been a priority for many Life, Accident and Health insurance carriers. The need for innovation is driven by consumers demanding a more customer-centric experience. According to a 2019 study by J.D. Power (1), the overall customer satisfaction for providers of annuity products and life insurance providers is lower compared to most other insurance and financial ... Continue Reading »
Payers’ Moment of Truth is Here
With COVID-19 now officially a pandemic, the first step healthcare payers (and all employers) must take is trifold: ensure business resiliency, establish a crisis response structure, and secure employee safety. Payers will specifically be called on to continue leading the way in supporting the greater public health response, according to Chris Bernene, Partner in Health & ... Continue Reading »
It’s Not the Best Time to Get Pandemic Risk Insurance. Here’s Why
The most timely opportunity to take action on pandemic risk insurance is not necessarily when a new virus is making international headlines. ... Continue Reading »
Global Risks Report 2020: The Slowing of Health Progress
Following over half a century of rapid improvements to medicine, public hygiene and healthcare infrastructure, progress is beginning to decelerate and lifespan disparities based on geography and socioeconomic status are growing. The 15th edition of the World Economic Forum’s Global Risks Report, created in partnership with Marsh & McLennan and Zurich Insurance Group, ... Continue Reading »
