Impact of Excess Mortality after COVID-19 on Life & Health Insurance
4 years after the pandemic began in 2020, many countries still report higher death rates. For Life and Health (L&H) insurance, this poses a challenge
Health Insurance
Health insurance covers some or all of the costs of routine care, emergency care, and treatment for chronic illnesses.
Healthcare and health insurance are terms that are often used interchangeably. However, healthcare, which typically includes elements like emergency room visits, preventative medicine, and prescription drugs, is far different than health insurance which provides coverage for medical services.
The health insurance provider covers the costs of all urgently needed medical treatment. The basic insurance cover provided by the statutory health insurance providers extends to the following services: outpatient medical treatment, for example, in doctors’ surgery, dental care.
Health insurance serves to cover an insured individual’s medical, surgical, and dental expenses, which can also include the cost for their prescription meds. It can either be in the form of reimbursements or directly paid for by the healthcare provider.
Impact of Climate Change on Health & Life Insurance Industries
In the insurance industry, understanding of the risks related to climate change is mostly concentrated in P&C business lines as well as investments
Costs for Employer Healthcare & Insurance. Top Trends
Employer medical insurance costs are higher than they’ve ever been and are increasing at rates that have not been seen in nearly a decade
2024 US Health Insurance Market Trends: Rates, Price and Coverage
US health insurance exchanges and has remained fluid during this time, with insurer participation, pricing, and plans changing from year to year
2024 Global Medical Trend Rates Outlook
The global average medical trend rate for 2024 to be 10.1%, up from 9.2% in 2023 and the highest rate since 2015
Health Insurance Premium Rate in New York Increased
The New York State Department of Financial Services has approved health insurance premium rate increases for health insurers
U.S. Employers Health Care Insurance Costs. How to Reduce Healthcare Price?
Average costs for U.S. employers that pay for their employees’ health care will increase 8.5%. How to Reduce Healthcare Costs?
U.S. Workers’ Compensation Insurance Premiums Increase in 2024
US workers’ compensation direct premiums earned rose 4.3% year over year in the first quarter, and the industry’s overall direct loss ratio deteriorated by 2.3 pp
How Many Medicaid Enrollees Disenrolled from U.S. Health Insurance Program?
At least 1,5M Medicaid enrollees have been disenrolled, based on the most current data from 25 states and the District of Columbia
Global Medical Professional Liability Insurance Market Review
The global medical professional liability insurance market was valued at $14.5 bn in 2023, and is projected to reach $33.7 bn by 2031, growing at a CAGR of 10.8%
Large U.S. Health Insurers Have Expanded Participation in Individual Insurance
Fitch Ratings does not expect rating implications for U.S. health insurers from the expiration of Medicaid continuous enrollment
Indian Insurance Market Results: Scenario, Forcasts & Performance
Indian Insurance market stands at $131 bn. The Indian insurance industry grew at a CAGR of 17% over the last two decades
Life & Health Inclusive Insurance: Availability, Accessibility, Affordability
No Life & Health (L&H) insurance market is fully inclusive. This is supported by the findings of Swiss Re Institute L&H Insurance Inclusion Radar
Cancer Health Insurance. What Factors Should You Consider Before Buy Policy?
While buying a health insurance policy for protection against cancer here are the main factors you should consider
Protective Measures Seniors and Families Should Take to Avoid Medicare Scams
Scammers often use deceptive tactics to lure unsuspecting seniors into sharing their Medicare number. They might offer to send free medical supplies or genetic testing kits
North America Personal Accident & Health Insurance to Grow $1.5 trn by 2026
The personal accident and health (PA&H) insurance industry written premium sales in North America are projected to grow from $1.2 trillion in 2023 to $1.5 trillion in 2026
Major deals have led global M&A activity in 2024, showing increasing confidence among dealmakers despite geopolitical and economic challenges
Hurricane Milton is anticipated to be one of the most powerful and economically detrimental hurricanes to make landfall in the western region of Florida
There are approximately 133 million healthcare data breaches each year. Healthcare systems remain complex to secure, and cybercriminals take full advantage of this
Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard