Skip to main content
Silver Solutions Beyond Product Development: Innovating Insurance for South Korea’s Senior Market


Kyeonghwa Kim, Chief Pricing Actuary, RGA
 

1.  Introduction 

Over the past few decades, South Korea has witnessed remarkable economic growth, emerging as the eighth-largest global life insurance market in terms of gross written premiums. 

By 2025, Korea is expected to enter a super-aged society, meaning the elderly population aged 65 and above exceeds 20 percent of the total population. This rate of aging is unprecedented, not just in Asia but across the world [1]. 

Retirement Readiness

Presented by RGA

To Be a Noble Profession, Insurance Must Promote Greater Inclusion

Presented by RGA

Underserved markets range from those with chronic diseases to those at the lower end of the economic spectrum. All deserve some level of protection. RGA’s Carolyn Pritchard, Head of Underwriting, Latin America, asserts that accomplishing this mission is not possible without purposeful attention to financial inclusion.

Read more >

The Dual Role of Artificial Intelligence in Disability Insurance: A boon and a bane

 

Presented by RGA

The advent of artificial intelligence (AI) has transformed a wide range of industries, including the insurance sector. While AI has brought numerous benefits, it also poses potential risks, especially in the realm of fraud.

Learn more > 

A Shield from the Storm: 3 steps to help insurance companies weather the coming labor crunch

By Arthur Ozeki, Executive Vice President, Head of Asia Pacific, Reinsurance Group of America, Incorporated (RGA)

A three-step plan could help insurance companies fend off the labor shortage bearing down on the industry. 

I was able to share those three steps and some examples of how they are playing out right now at RGA during a recent online event sponsored by the International Insurance Society (IIS).

Five Tips to Combat the Insurance Industry’s Talent Shortage

 

Presented by RGA

Embracing technology, reimagining operating models, and developing a comprehensive talent strategy aligned with business strategy can help bridge today’s talent gap.

Read more >

Accelerated Underwriting: Maximizing Its Future

Presented by RGA

Alternative data sources and supporting technologies are propelling advances in accelerated underwriting, empowering insurers to speed processes and improve the customer experience.

Read more >

Artificial Intelligence and Insurance Fraud: Four Dangers and Four Opportunities

Presented by RGA

Insurers can take steps now to monitor the latest AI-assisted hoaxes and harness the power of AI to uncover potential fraud throughout the insurance pipeline.

Learn more >

Wearables Data – Beyond Customer Engagement


The growing popularity of wearables presents insurers with an unparalleled opportunity to better assess risk – yet many carriers are not fully realizing the value of data from these devices. RGA's Tonya Blackmore explores the power of wearable data. This article is adapted from an original paper that won recognition at the RGA Leaders of Tomorrow program as part of the 2022 Global Insurance Forum.

Epidemic within a Pandemic: Opioid Misuse and Mortality Risk through 2020

 

New research reveals that, in 2020, the U.S. was dealing with two public health crises. While many individuals practiced social isolation measures due to the COVID-19 pandemic, opioid-related deaths spiked. RGA investigates this epidemic within a pandemic, analyzing U.S. overdose mortality to better understand opioid related-deaths.

Read more here >