1200 executives from industry front-runners such as Manulife, Aetna, Allianz and more have contributed to Reuters Event’s ground-breaking report, The Future of Life and Health Insurance 2020.

Health and life insurers are least likely to have connected insurance products in the market at present, despite growing evidence that customers are just simply willing to incorporate connected devices into their policies but actively seeking it.

The Future of Life and Health Insurance 2020 looks at how, with the right strategies and technologies,insurance carriers have an opportunity to offer their customers more personalized products and service and create a brand name that is synonymous with not only reliability and support, but true innovation. 

A small example of the report’s case studies and insights include how to:

  • Step up your IoT engagement strategy: Customers are not only willing to engage in connected technology – they are actively looking to. Learn how to use connected device to monitor customers’ lifestyle changes and one step forward - improve health outcomes, lower premiums, and gain their trust whilst gaining profit

  • Leverage a proof-driven actuarial strategy: Don’t get caught out by using static measures of risk to predict life expectancy or health trends. Utilize cutting edge technology and dynamic, varied and machine-learning led data to predict the future with confidence and minimize potential losses

  • Build an unbreakable relationship with customers: 74% of health carriers saw increased loyalty and improved customer experience after making their digital strategy a priority. Discover the strategies that will lead you to knew, hard-to-reach customer groups and get real value from the digital journey

The research shows that the insurers with their fingers on the pulse when it comes to innovative and dynamic digital strategies reap the rewards of improved business performance, customer satisfaction and data gathering. In today’s increasingly challenging landscape, life and health carriers must ask themselves; are we doing enough to stay ahead?

Download the report here

This report is being run in association with Reuters Events upcoming flagship insurance conference The Future of Insurance USA 2020. With an unrivalled C-level line up, The Future of Insurance USA 2020 is expecting more than 10,000 virtual attendees from across the North American insurance ecosystem. Providing you with strategies to transform each core pillar of Strategy, Product Development, Innovative Tech and Customer Engagement to deliver what the connected customer is demanding: personalized products, real-time engagement, and seamless service. For more information, please visit the website or get in touch with a member of the Reuters Events Insurance team.

More information can be found on the website https://events.insurancenexus.com/connectedusa/

Contact: Ira Sopic
Reuters Events