The onset of COVID-19 has precipitated significant challenges within the life and health reinsurance sector, exacerbating existing volatility and fueling new difficulties. Underwriters have faced profitability pressures due to increased mortality rates and amplified claim expenses, unfavorably shifting the market landscape. The economic impact of government interventions, variations in pandemic-related...
Discover more insightsIn the wake of the global health crisis, there has been a heightened awareness towards mortality risk, reinforcing the value proposition of life insurance products. This has led to increased demand for life insurance underwriting services as insurers face a surge in policy applications. However, this increased demand presents a...
Discover more insightsThe Direct Life Insurance Carriers segment has been experiencing a shift towards digitalization, underscored by an increasing necessity for efficient customer service and accelerated claim settlement processes. Another notable trend is the growing inclination to customized coverage plans, driven by an increasingly informed customer base, eager to procure policies befitting...
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