Insuranceblog.accenture.com
Digital life insurance drives new opportunity
WebThe technology exists today to make the connection. Accenture is helping carriers adopt a digital insurance platform that seamlessly connects with a variety of ecosystems to uncover profitable opportunities, unlock trapped value and breathe new life into life insurance. Learn how Accenture can help your insurance business innovate and …
Actived: 4 days ago
URL: https://insuranceblog.accenture.com/how-health-and-wealth-breathe-new-life-into-life-insurance
How health ecosystems drive insurance customers for life
WebCloud and connected systems, particularly in health and wellness, are the value-drivers for L&A carriers as well as the forces driving the shift from payment to protect-and-prevent. This growing ecosystem has the potential to complement insurers’ existing data troves with a virtuous cycle of real-time health and wellness data — and our
5 predictions for the insurance industry in 2024
WebRevenue growth for P&C carriers is expected to slow to 2.6% on average for 2024 and 2025—down from 3.4% in 2023 (Swiss Re Sigma). On the flip side, the Life insurance segment is seeing stronger demand for savings and retirement products. In emerging markets revenue growth is expected to reach 5.1% on average in 2024 and 2025.
Why American health insurtechs are attracting so much …
WebTwo factors explain the size of these deals. The first is that the opportunity for these startups is huge. The global health insurance market is projected to grow from $990 billion in 2017 to $1.2 trillion by 2023, with America driving much of that growth. The second is that health sector incumbents in the US market are particularly entrenched
Insurance Revenue Landscape 2025
WebThe insurance industry can expect to grow from $6.1 trillion in gross written premium (GWP) at the start of 2020 to $7.5 trillion by the end of 2025. That represents a six-year compound annual growth rate (CAGR) of 3.5%.1 While we expect growth across all markets, emerging markets in Asia Pacific—most notably China (mainland)—are driving up
Explore the insurance trends for 2022 and beyond
WebThese are the key trends that are discussed in depth in the report. Trend 1: Authentic omnichannel. Engaging customer experience, anywhere and everywhere. Trend 2: Embedded ecosystems. Complementary ecosystems for deeper value. Trend 3: Health and wellbeing convergence. Making customers’ lives better and proactively reducing risk.
How Data Underpins Behavioural Insurance
WebBehavioural insurance rests on the analysis of data – by the individual, insurers and partners in broader health ecosystems. For those accessing healthcare services, “It’s going to be about looking at data over a longer period, instead of basing it off a snapshot of the temperature taken at the doctor’s office,” Munshi says.
Building Partnerships and Growing the Ecosystem
WebIn any event, the purpose remains the same: to create a healthy ecosystem that helps Manulife’s customers get healthy and stay healthy. In our final blog, we will look at some of the technical aspects of innovating and developing solutions for such ecosystems. Subscribe for more from Accenture Insurance. Connected Insurance Ecosystems Platforms.
Incentivise me: Europe’s leading health insurers get …
WebIncentivising healthy living. These are big shifts and, unsurprisingly, leading insurers in Europe have responded. UK health insurer Vitality has been among the leaders in this space for years with a shared-value model that lets customers influence the future cost of their cover. It incentivises users to make healthier life choices by rewarding
Embedded insurance: a brief overview
WebWe define embedded insurance as any insurance that can be purchased within the commercial transaction of another product or service. Embedded insurance isn’t a new innovation. Purchasing life insurance at the airport before a flight was “Version 1.0” of embedded—a model that turned into an incredibly profitable business.
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