Reinsurance News
Medical reinsurance
Hannover Re US names Elena Strunk as Vice President, Medical Director
8th June 2026
Hannover Life Reassurance Company of America (Hannover Re US) has announced the appointment of Dr. Elena Strunk as Vice President, Medical Director. In her new role, Dr. Strunk will help advance Hannover Re’s underwriting and digital transformation initiatives, lead efforts to modernise medical assessment practices to reflect evolving medical knowledge, and ... Read the full article
Reinsurers must adapt strategies to align with risk introduced by GLP-1 therapies: Gallagher Re
28th March 2025
Gallagher Re, a reinsurance brokerage and risk management services provider, has released a report on the impact of GLP-1 receptor agonists on medical trends and reinsurance. According to the report, as these therapies continue to reshape medical trends and insurance structures, reinsurance providers will need to adapt their strategies to align ... Read the full article
Rising medical costs and state competition challenges stability in US WC insurance: Swiss Re
22nd July 2024
Despite a decade of strong profitability, Laure Forgeron, Chief Underwriting Officer for Casualty at Swiss Re, a global reinsurance company, highlights emerging risks such as rising medical costs and intense competition in states like California, urging insurers to adopt disciplined strategies alongside evolving market conditions to sustain long-term financial health. The ... Read the full article
US employer medical costs set to increase 5% next year: Aon
22nd October 2021
Re/insurance broker Aon has predicted that costs for large US employers that pay for their employees' medical care will increase on average 5% to more than $13,000 per employee in 2022. Aon notes that employer health plan costs and medical claims were suppressed for most employers in 2020 due to the ... Read the full article
AXA partners on medical support for Accor hotels
18th May 2020
Global insurer AXA has partnered with French multinational hospitality company Accor to provide medical support to guests across 5000 Accor hotels. From July 2020, the partnership will enable Accor guests to access medical solutions from AXA Partners, an AXA subsidiary specialising in assistance services, travel insurance and credit protection. Accor guests will ... Read the full article
Curi appoints Sean Farrelly as Head of Underwriting
15th May 2019
Curi, a North Carolina based mutual insurance company owned by physicians, has announced the appointment of Sean Farrelly as its new Senior Vice President (SVP) of Underwriting. Farrelly joins Curi, which recently rebranded from Medical Mutual, from PartnerRe, where he served as portfolio manager for U.S medical reinsurance. While at PartnerRe, he ... Read the full article
Everest Insurance expands medical management claims solutions
15th April 2019
Everest Insurance, a division of Bermuda-based reinsurer Everest Re, has announced two new medical management solutions for workers’ compensation policyholders. Everest joined together with Company Nurse to offer the Everest Nurse Triage program, which gives injured employees immediate access to licensed RNs who specialise in workplace injuries. The program aims to streamline ... Read the full article
Underwriting losses continue for U.S Medical Professional Liability: Fitch
16th October 2018
The U.S Medical Professional Liability Insurance (MPLI) sector has experienced underwriting losses for a second consecutive year, posting a combined ratio of 102% in both 2016 and 2017, according to a new report by Fitch Ratings. Calendar-year results in MPLI continue to benefit from favourable loss reserve development, which averaged 20% ... Read the full article
Pacific Life Re explores machine learning in medical data processing
10th October 2018
Pacific Life Re and the online comparison service UnderwriteMe are collaborating on a system which combines text mining and machine learning techniques to process unstructured medical textual data, such as doctors’ reports on life and health insurance applicants and claimants. With the emergence of electronic medical reports, the ability to improve ... Read the full article
Evergreen Pacific first reinsurer to cover medical cannabis costs
19th September 2018
Evergreen Pacific Reinsurance Company is to provide coverage for health insurers prescribing cannabinoid therapeutic treatments. Evergreen Pacific says it is welcoming insurance company enquiries regarding its new turnkey health insurance rider to cover medical cannabis costs, to be deployed inside health insurance plans. "Evergreen Pacific's fully integrated solution combines multi-disciplinary medical services, ... Read the full article
MetLife develops new claims-free blockchain health insurance product
29th August 2018
MetLife Asia’s Singapore-based innovation centre, LumenLab, has begun testing a new insurance solution that uses blockchain technology to trigger automatic payouts upon diagnosis of certain health conditions, without the need to make a claim. The experimental product, called Vitana, is currently designed to offer pregnant women financial protection in case of ... Read the full article
Ascent expands cyber solution for medical billings cover
7th December 2017
Specialist niche-product managing general agent, Ascent Underwriting, has enhanced its CyberPro Regulatory Billings product to offer protection from social engineering and computer crime, and also now offers its cyber cover on a nil deductible basis. When first launched in 2014, the product offered financial protection against U.S. healthcare billing and coding regulation ... Read the full article
SCOR enters U.S. medical reinsurance market
16th June 2017
French insurer and reinsurer SCOR's international life and health reinsurance subsidiary, SCOR Global Life, has entered the U.S. medical reinsurance market with an experienced team based in Minneapolis, U.S. Paolo De Martin, Chief Executive Officer (CEO) of SCOR Global Life, said; "We are a market leader in US life reinsurance and ... Read the full article
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