Reinsurance News
health insurance
Asian markets remain fastest growing health insurance segment, driving reinsurance support: AM Best
20th August 2024
A majority of the growth seen in reinsurance demand for health products in emerging markets has been generated in Asia, heavily owed towards fast premium expansion of fixed-benefit products such as critical illness and personal accident, according to ratings agency AM Best. Within many emerging markets with limited penetration of health ... Read the full article
US health insurers see revenue growth but margins face pressure in 2024: AM Best
20th May 2024
In 2023, publicly traded health insurance companies in the US experienced continued growth, with total GAAP revenue increasing by 10.4% to $1.07 trillion. However, a new report from AM Best suggests that future profitability may face challenges as government programme returns to normal levels. Titled "Revenue Grows but Margins Are Pressured ... Read the full article
QBE NA launches Healthcare Liability practice for comprehensive coverage
2nd May 2024
QBE North America has launched a specialised Healthcare Liability practice, offering a comprehensive range of coverages tailored to help customers navigate evolving risks and enhance resilience. This initiative aims to address the distinct needs of healthcare organisations. At the forefront of this offering is QBE's flagship Miscellaneous Medical Liability product, the first ... Read the full article
Optalitix partners with Juniper to streamline reproductive health insurance offerings
11th April 2024
Optalitix, a specialist in data analytics solutions, has announced a partnership with Juniper, a reproductive health insurance provider, employing its online product, Optalitix Models, to efficiently promote Juniper's new offering through quick, precise quotations and seamless service to brokers. Optalitix Models ensures consistent pricing for comprehensive coverage, simplifying access for brokers, ... Read the full article
Technology can make health insurance more accessible, but there are challenges: GA
1st December 2023
Technology has helped make health insurance more accessible, but there are still challenges to overcome, such as its quality, access to it, and its democratisation, Niti Pall, Board Chair, HARBR, highlighted at the Geneva Association’s 50th Summit in Zurich, Switzerland. Many countries, like Bangladesh, India or Pakistan, and a lot of ... Read the full article
APAC insurance market insights from Swiss Re’s Daisy Ning
23rd November 2023
In a recent interview with Reinsurance News, Daisy Ning, Head of Life & Health Re APAC excluding China at Swiss Re, provided valuable insights into the insurance landscapes of various Asia-Pacific (APAC) markets. Singapore: Steady Growth and Changing Consumer Awareness "Singapore is an interesting market. So, it's been on this steady growth, ... Read the full article
AM Best’s outlook for US life/annuity & health segments remains stable
17th October 2023
Global ratings agency, AM Best has announced that its outlook for the US life/annuity and health segments remains at stable. According to the agency, the US L/A insurers have heavily benefited from high levels of risk adjusted capitalization, as well as favorable liquidity profiles and boosted net yields owing to higher ... Read the full article
Jefferies highlights implications of weight loss drug GLP-1 on re/insurance sector
29th September 2023
In Jefferies' recent "Assessing the Wider Implications of a Slimmer Society" report, the firm's analysts underlined some of the key ways in which Glucagon-like peptide-1 receptor agonists (or GLP-1s) could affect the re/insurance sector. According to the analysts, GLP-1s were originally approved for use in 2005 as a treatment for Type ... Read the full article
US health insurers achieve solid financial growth amid post-pandemic rebound: AM Best
30th June 2023
Publicly traded health insurance companies in the United States have shown commendable financial performance in the post-pandemic era, with a 9% increase in net income to $40 billion in 2022, despite healthcare utilisation surpassing pre-pandemic levels, according to a recent report by AM Best. AM Best's report highlights that improved pre-tax ... Read the full article
Sales of individual protection policies in 2022 fell by 7.8%: Swiss Re
9th June 2023
Swiss Re's term and Health Watch report a decrease of 7.8% in the sale of individual protection policies in 2022, a year characterised by uncertainty, with recurring political change, compounded by high inflation and a growing cost-of-living crisis. The pressure on UK households was the highest it has been in years ... Read the full article
Muted inflation in China reflects weak demand; marginal upside risk for L&H insurers: Swiss Re Institute
5th June 2023
Inflation in China remains muted post-pandemic, reflecting soft domestic demand, which will have limited impact on global growth and inflation; and marginal upside risk for L&H insurers, analysts at the Swiss Re Institute have stated. Consumer price index (CPI) inflation rose on average by 1% in the first four months of ... Read the full article
Life & health insurance markets lack inclusion: Swiss Re Institute
15th March 2023
A new report from Swiss Re Institute has highlighted how there is a lack of inclusion within the life and health insurance markets. According to the report, accessibility is said to be the biggest factor behind a lack of inclusion in emerging markets, with Swiss Re noting that this is driven ... Read the full article
End of government mandates to bring changes for US health insurers: AM Best
1st March 2023
US health insurers are preparing for changes arising from the end of government mandates involving Medicaid managed care and Medicare Advantage, whose underwriting results were driving the overall earnings for the segment so far, said AM Best in a recent report. The health insurance segment in the US has seen favourable ... Read the full article
MAPFRE & Bupa partner to develop health insurance in Latin America
24th February 2023
MAPFRE and Bupa have joined forces to offer international health insurance in Latin America, first in Peru, then in Uruguay and Paraguay, with joint opportunities in other neighbouring countries also being studied. The agreement is set to last for a decade and will automatically extend for an additional five years thereafter. The ... Read the full article
US health insurers to withstand high inflation & interest rates in 2023: Fitch
3rd January 2023
According to analysts at Fitch Ratings, US health insurers should be able to withstand the effects of high inflation and rising interest rates, amid their expectations for a mild US recession in 2023. Fitch stated that the structural advantages afforded to health insurers within the broader healthcare system, business model diversification ... Read the full article
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