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Innovation

​Coming Together

Six converging dynamics will define the future of the insurance industry
Digital Health 1

Today there are many demographic, social, technological and economic forces affecting the future of the insurance industry.  The primary challenge for life and health insurers is that the Quantified Self movement and its related technologies may increase the information asymmetry between applicants and underwriters. The life and health industry must continue to innovate and anticipate changes and their effects to take full advantage of the accelerating stream of opportunities that lie ahead.


Copyright© A.M. Best Company, Inc. 2013. All Rights Reserved. Reprinted with Permission (www.ambest.com).
 

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The Author

  • Timothy L. Rozar
    FSA, CERA, MAAA
    Chief of Staff
    Reinsurance Group of
    America, Incorporated

Summary

The life and health industry must continue to innovate and anticipate changes from six converging dynamics to take full advantage of opportunities that lie ahead.
Download "Coming Together"
  • alternative distribution
  • analytics
  • antiselection
  • anti-selection
  • asymmetric
  • bancassurance
  • big data
  • disruptive
  • EHR
  • Electronic Health Records
  • electronic medical
  • Electronic Medical Records
  • EMR
  • insurance-linked wellness
  • medical innovation
  • mortality assumptions
  • mortality experience
  • mortality trends
  • motor vehicle records
  • persistency
  • portability
  • precision medicine
  • predictive modeling
  • Quantified Self
  • simplified issue
  • social media
  • structured data
  • upsell
  • wearable medical device
  • wearable technology
  • wearables