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A Balancing Act: Vaccination Status and Insurance Pricing

Debate around differentiating life insurance premiums by COVID-19 vaccination status has intensified in South Africa and around the world; it's easy to understand why. 

During the second and third waves in South Africa, for example, mortality rates for fully underwritten retail policies peaked at more than four times the expected level. However, using vaccination status is a complex challenge to solve and ultimately requires insurers to balance many different considerations. Neil Parkin, Head of Business development, RGA South Africa, explores the pros and cons of adding vaccination status as a rating factor.

See also: Vaccination Status: Insurance Pricing Considerations

At RGA, we are eager to engage with clients to better understand and tackle the industry’s most pressing challenges together. Contact us to discuss and learn more about the RGA capabilities, resources, and solutions.  

The Presenter

  • Neil Parkin
    Head of Business Development
    RGA South Africa


Curious about RGA's medical insights?  Contact us to learn more. 

This video was developed in conjunction with actuview, the first permanent international media platform for actuaries ( actuview content reflects contributions from actuarial institutions, corporate partners and industry professionals. RGA is actuview’s sponsoring partner.
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