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Innovation

​Coming Together

Six converging dynamics will define the future of the insurance industry
Digital Health 1

Today there are many demographic, social, technological and economic forces affecting the future of the insurance industry.  The primary challenge for life and health insurers is that the Quantified Self movement and its related technologies may increase the information asymmetry between applicants and underwriters. The life and health industry must continue to innovate and anticipate changes and their effects to take full advantage of the accelerating stream of opportunities that lie ahead.


Copyright© A.M. Best Company, Inc. 2013. All Rights Reserved. Reprinted with Permission (www.ambest.com).
 

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The Author

  • Tim Rozar
    FSA, CERA, MAAA
    Chief Executive Officer
    RGAx
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Summary

The life and health industry must continue to innovate and anticipate changes from six converging dynamics to take full advantage of opportunities that lie ahead.
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  • Quantified Self
  • Electronic Medical Records
  • EMR
  • predictive modeling
  • Electronic Health Records
  • EHR
  • medical innovation
  • insurance-linked wellness
  • wearables
  • wearable technology
  • wearable medical device
  • disruptive
  • mortality experience
  • bancassurance
  • structured data
  • electronic medical
  • mortality assumptions
  • big data
  • asymmetric
  • mortality trends
  • motor vehicle records
  • simplified issue
  • social media
  • analytics
  • portability
  • persistency
  • upsell
  • anti-selection
  • antiselection
  • alternative distribution
  • precision medicine