Kyeonghwa Kim, Chief Pricing Actuary, RGA
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].
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.
A research report by HSBC Life Hong Kong (partnered with Economist Impact)
With an increasing customer demand for help with planning overseas education for children, the insights in this research report will help parents better plan for the longer-term costs of international education and put in place proper financial plans to ensure their children can benefit from the global opportunities that await them.
Oluremi Owolabi Fadi, Team Lead, Oil&Gas and Financial Institutions, Custodian Life Assurance Limited
Steve Cramer, Senior Vice President & Chief Product Officer, Retirement Division, Protective Life Insurance Company
Joseph Strathman, Director, Business Transformation, Transamerica Life Insurance Company
Life insurance customers are increasingly segmented by gender, race, ethnicity, and other characteristics. Many of these groups are underserved and with unique needs, creating challenges for insurance carriers to reach them.
by David Lipovics, Vice President, U.S. Pension Risk Solutions, RGA
Few could dispute that many of the world’s largest economies have aging populations. With public and empoyer-sponsored pension systems gradually decreasing in scope and significance, the elderly increasingly must shoulder the burden of saving adequately for their retirement years. It is a challenge many underestimate and do not adequately prepare for.
Presented by EY
The latest EY NextWave Insurance report highlights both the profound forces reshaping the market today and the key capabilities insurers and other firms need to develop, or access through partners, if they are to thrive in the future. It also provides inspiration by highlighting the companies around the world that are pointing the way forward through bold and creative innovations.
IIS Executive Insights Life & Health Expert: Ronald Klein, Founder, Obtutus Advisory GmbH
Click here to read Ronald Klein's bio
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Largest Life Insurance Market in the World
By: Daisy Ning, Head Life & Health Reinsurance APAC ex. China, Swiss Re
This article was published here: Fostering an inclusive Life & Health insurance landscape in APAC | Swiss Re >
