Group insurance performs an important social function but the economics of the system are under stress. Greater scrutiny is being placed on the trade-offs between member cover quality and pricing — including return-on-capital requirements and breaking the pricing cycle.
This panel examines how industry leaders are thinking about sustainable profitability, member experience, harnessing technology and their key requests of government to foster more consumer-centric public policy architecture governing the sector.
It also examines how the provision of retirement solutions, especially longevity risk protection, acts as a natural hedge to providing death and TPD cover, and how insurers and funds can work more closely to bring these elements together, and how insurer and reinsurer balance sheets can be better leveraged to support funds’ retirement income strategies.
