HSBC Life’s Post

Last week our Head of Research & Foresight Kai-Uwe Schanz joined Dinesh Pant (LIC of India); Mayank Bathwal (Aditya Birla Health Insurance Company Limited); Preeti C. (Mercer India); and Dr. Tarun A. on a #ProtectionGaps panel at a seminar organised by the National Insurance Academy of India and Glasgow Caledonian University. Here are 3 key takeaways: ✔ The protection gap debate should place more emphasis on delivering what customers really want, rather than focusing on supply side barriers only; ✔ 'Affordability' issues may in some cases be a misperception of customers finding insurance unclear or unconvincing; ✔ A lack of trust remains a formidable reason for protection gaps, especially in pension insurance. Delivering in the 'moment of truth' (the occurrence of an insured event) and improving customer interactions may be a remedy.

🚨🚨#Disability data from the U.S. Bureau of Labor Statistics was released for November last week: https://lnkd.in/gH4bHpbz How can life and disability #insurers help? 1. By proactively testing policyholders we can identify those at risk for adverse outcomes. 2. By communicating results and triaging to care insurers can save money and save lives. If you are a leader in the #insuranceindustry, follow us at Insurance Collaboration to Save Lives or visit our website to learn more! #healthandwellness #riskmitigation

Why do men and women pay different insurance rates? 🚗💉 From driving habits to health needs—discover the reasons behind the rate gaps and learn how to shop smarter. Read our latest blog for insights! #InsuranceFacts #GenderPricing #SmartChoices

Insurance Collaboration to Save Lives: Disability leads mortality, and is running at record levels. Below is a short video from Josh Stirling's interview at the 2023 Bermuda International Long Term Insurers and Reinsurers - BILTIR Conference discussing #disability data trends from the U.S. Bureau of Labor Statistics Monthly Survey: https://lnkd.in/gAyb5543 #insurance #health #data #reinsurance

To all the women who lead with grace, courage, and wisdom, Happy Women's Day! #InternationalWomensDay #ProtectWomen #iwd2024 . . . . . . . .  #InternationalWomensDay #ProtectWomen #LifeInsurance #Healthinsurance #befikarhamesha #WomenEmpowerment #Insurance #WomensDay #insurance #healthinsurance #insurancebroker #life #protection #financialliteracy #insurancepolicy 

UKGI Compliance MD, Nikki Bennett, is taking part in Cover Magazine's Claims and Underwriting Forum tomorrow as part of an expert panel discussion on Consumer Duty. The session, Consumer Duty in action: Adapting with purpose, will: 👉 Investigate how the implementation of the Consumer Duty has shifted industry practices regarding mental health underwriting. 👉 Highlight changes in exclusion policies and how this has impacted the market. 👉 Share collaborative examples of best practice in meeting Consumer Duty requirements. Event and registration details are here: https://lnkd.in/gYPTiKxB #insurance #compliance #ukgiinsight

Group Insurance: Benefits For Employees And Businesses In a working environment, safety is crucial for both the employer and the employee. It’s a must to ensure readiness for any uncertainties. Now, if you’re an employer, apart from the moral grounds, it’s now a legal obligation too to insure your employees. This act not only offers group insurance to your employees, but it instills confidence in them about their employer’s contribution to their well-being. https://lnkd.in/gwd3efUJ #Employees #legalobligation #insurance #business #protection #healthinsurance #hospitalization #accidentalinjury #financialconstraint #taxdeduction #businessowner #employeeproductivity #medicalissues #Groupinsurance Canara Bank Canara HSBC Life Insurance MetLife Cigna Healthcare Aetna, a CVS Health Company

The women’s market represents a significant opportunity for life insurers. Learn 3 reasons why this market is a huge opportunity for the insurance industry: https://bit.ly/49TTUsc #LifeInsurance #WomensHistoryMonth #Women #FinancialSecurity

Well done to our Accident and Health Team who retained top spot in Insurindex's London's Leading Underwriters 2024. Congratulations to Graham Nicholls and Tim Prifti. Find out more about our Accident and Health Team here https://lnkd.in/e937ThZY Read the full report here https://lnkd.in/eFp-J-C8 #Insurance #AccidentAndHealthInsurance #PeerReviews #Testimonial #Underwriting

The natural relationship between an Insurer and the client is such that, the Insurer carries the risk and the client pays a premium for that risk. The moment the Insurer passes that risk disguised as rewards back to the client, they fail to uphold the fundamentals principles of Risk management. In my opinion it is criminal to pass the liability back to the client. Bidvest Life holds true the fundamentals, by assuming 100% of the Risk. At application stage, we take a snapshot of the client's medical health and allow the client opportunities during the lifespan of the policy to increase Cover without further medical evidence or a Declaration of Health, by opting in on the Future Cover Benefit. If you have to prove to your Insurer that you are maintaining your Health by earning points, that converts to discounted rewards then you are unfortunately carrying the Risk of your Life Insurance Policy not the Insurer who is collecting the premiums. #thetruthwillsetyoufree