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In every issue of RGA’s Product Trends newsletter, our team seeks to share the latest market intelligence from across the global life and health insurance industry. Our experts scan, curate, and organize information sources from around the world to provide the most current and comprehensive product and distribution trends in every issue. We hope you find this edition informative and insightful. We would also like to express our gratitude to our colleagues in RGA offices around the world for their contributions to this report, and as always, we welcome comments, questions, and suggestions from our valued clients. Jasmina Landekic AVP, Strategic and Competitive Research Diana Bosworth Senior Strategic Research Analyst
In 2023, the insurance industry continued innovating, crafting solutions attuned to diverse customer profiles and modern family dynamics. Following are a few key highlights and notable trends: visit our Knowledge Center for the full summary. Redesigned annuities became more appealing due to rising interest rates, providing a stable income for retirees in North America. Employers are offering tailored benefits, ranging from nutrition and chronic condition management to incentives for maintaining healthy lifestyles. Health insurance policies have expanded to cover various life stages and family structures, offering broader fertility and menopause support. Life insurance is more user-friendly with instant claim apps and services that include end-of-life planning. The insurance industry has embraced digital innovation through apps that support mental health and enable customers to manage services, part of a shift towards a holistic well-being approach that combines physical, mental, and financial health. Still curious? Read our full year-in-review, which includes examples of the offerings that are reshaping the future of insurance. As always, we invite you to explore this edition of Product Trends for a comprehensive, searchable index of the world’s most innovative insurance products and services.
Embedded Insurance: Closing the protection gap, one step at a time. J. Wassenar, December 2023. Korea’s Long Road with SI Products Leads to Innovations in Customer Experience, Insurance Inclusivity. D. Noh, December 2023. Bridging the Mental Health Gap in Asia: Challenges and opportunities.Dr. S. Zhao, December 2023. 6 Considerations for Unlocking the Power of Group Life Insurance in the Middle East. A. Afifi, December 2023. Optimizing the Customer Journey: The keys to succeeding in digital distribution for life insurance. P. Vaclav, et al., November 2023. New Tools, New Risks: Digitization in the AI Age. D. Gould, November 2023. RGA Global Mental Health Survey Part IV: Claims. M. Kotze et al., October 2023. Ethics of Ecosystems: Strengthening the evolving healthcare paradigm. E. Hickey, October 2023. How Life Insurers Can Meet the Needs of the Green Consumer. J. Wassenaar et al., October 2023. RGA Global Mental Health Survey Part III: Underwriting. J. Cardus et al., October 2023.
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Product Trends | February 2024
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"Dajia Hui Xuan" is a customized retirement annuity insurance product. It offers high flexibility, so customers can choose a range of premium payment terms and policy terms. It also offers a low-eligibility threshold and comprehensive elderly care services that include residence-based rehabilitation and urban medical care.
Huize Partners with Dajia Annuity Insurance to Launch ‘Dajia Hui Xuan’ – A Customized Retirement Annuity Insurance Product.
Yahoo Finance, November 15, 2023.
“Jin Man Yi Zu No.5” is distinguished by three key points: i) high return: – the cash value and annuity payout are specified in the insurance contract, with options for a 10-year or 20-year payout period; ii) substantial flexibility: – customers have options to choose the annuity payout commencement date, payout methods, and payout period, with coverage available up to age 106; and iii) low eligibility threshold: – no health declaration required, no occupational exclusions, and the minimum annual premium is RMB1,000.
Huize Partners with Hongkang Life to Launch ‘Jin Man Yi Zu No.5’: A Customized Retirement Annuity Insurance Product.
Press release, October 17, 2023.
Brighthouse SecureKey Fixed Indexed Annuities is a suite of single premium deferred fixed indexed annuities. Brighthouse SecureKey offers clients not only 100% protection1 for their purchase payment against market downturns, but also growth opportunities to help clients meet future retirement needs.
Brighthouse Financial Launches Suite of Fixed Indexed Annuities Designed to Meet Multiple Retirement Portfolio Needs.
Business Wire, November 20, 2023.
Updates to the L.inc+ suite include the launch of Nationwide L.inc+ Empire and L.inc+ Empire Advisory in New York; an increase to withdrawal rates for L.inc+ Core, L.inc+ Accelerated, and L.inc+ Max; and the addition of L.inc+ Core Advisory and L.inc+ Accelerated Advisory to the Nationwide Advisory Retirement Income AnnuitySM (NARIA). These changes provide all advisors, whether commission- or fee-based, the same L.inc+ options for their clients, helping set them up for guaranteed income in retirement.
Nationwide launches new annuity riders, increases payout percentages on L.inc+ suite.
Press release, November 13, 2023.
MyImmediateCarePlan (MyICP) is a medically underwritten single- premium immediate annuity available to those aged 70 to 95, which guarantees an income for life.
Federal Life Partners with World's Third-largest Reinsurer and U.K. Financial Product Specialist to Bring a Later Life Annuity Solution to US consumers.
Globe Newswire, October 16, 2023.
The FIA is available in nearly all states, and offers those planning for, or living in, retirement another option for protected savings growth. It provides tax-deferred growth along with principal protection to help build retirement savings.
USAA Life Insurance Company Introduces Fixed Indexed Annuity (FIA).
Yahoo Finance, October 16, 2023.
Farmers launched its first fixed index annuity (FIA) product called the Harvest. This retirement solution seeks to provide meaningful accumulation potential without exposure to market declines, helping consumers protect a portion of their long-term savings from a growing number of risks and uncertainties.
Farmers Life Insurance Company Introduces Its Harvest Fixed Index Annuity.
PR Newswire, October 13, 2023.
The Bankers Life FPBIA is designed with stability and flexibility in mind to help customers create a guaranteed lifetime income stream for retirement.
Bankers Life Introduces New Flexible Premium Bonus Indexed Annuity.
PR Newswire, October 10, 2023.
Blueprint Income, a leading player in the retirement planning industry, announced today that they are now offering fixed index annuities (FIAs) on their curated marketplace.
Introducing More Ways to Secure Your Financial Future: Blueprint Income Now Offers Fixed Index Annuities, Fully Online.
Business Wire, October 5, 2023.
This product is a medical insurance plan that allows the insured to receive refunds of premiums in the form of Rakuten Points or cash, with a maximum refund rate of up to 20% when they maintain good health. Up to 250 Rakuten Points will be awarded to insurance plan customers every month by linking records of their physical activity to the Rakuten Health Care app provided by Rakuten Group, Inc.
Rakuten Life Insurance Launches 'Rakuten Life Well Smile,' a New Medical Insurance Plan That Encourages Customers to Enjoy Good Health.
Press release, November 24, 2023.
Tokio Marine & Nichido Fire Insurance Co., Ltd. and Eisai Co., Ltd. announced that they have co-developed “Dementia Care Support Insurance” to financially support early detection and early treatment for dementia as a part of their business alliance for the realization of a Dementia Inclusive Society.
Tokio Marine Nichido and Eisai Co-Develop Industry's First 'Dementia Care Support Insurance'.
Press release, September 28, 2023.
The Guaranteed Assured Income plan (GAIN) is a non-linked and non-participating life insurance cum savings plan. The plan comes with three flexible income options, allowing customers to “select a period that aligns best with their financial goals.” GAIN offers a guaranteed regular income stream with the flexibility to get the premiums back at the end of policy term.”
Canara HSBC Life Insurance launches GAIN.
Business Outlook India, November 16, 2023.
Momentu, a Colombian startup dedicated to offering digital health services for companies, launched a health insurance offer for employees in Mexico, in agreement with some of the most important insurers in the country. The Colombian company said it offers medical coverage through more than 10 insurers, including Metlife, Seguros Atlas, Mapfre, AXA, and many more. (Text in Spanish)
Momentu Launches Health Insurance Offer for Companies in Mexico.
Bolentines Latinoinsurance, November 18, 2023.
Everest’s Group Fixed Indemnity Insurance offers supplemental benefits to those with high- deductible primary medical coverage. Through Goodpath, customers have access to virtual, holistic care for chronic conditions, as well as to multidisciplinary care, including dedicated health coaches via the GoodpathDirect app to improve health outcomes.
Everest Expands Accident and Health Offering with Launch of Group Fixed Indemnity Insurance.
Press release, December 19, 2023.
MetLife announces a new strategic relationship with Nayya, a leading digital platform provider of benefits decision support and engagement. Nayya’s benefits decision support and year-round engagement solutions will be offered at no cost to companies with more than 1,000 U.S. employees and will be fully integrated within MetLife’s Upwise platform.
MetLife and Nayya Team Up to Deliver Enhanced Employee Benefits Experiences.
The new products are available to quote in most jurisdictions beginning January 1, 2024. Their critical illness insurance now includes metastatic cancer, type 2 diabetes, infertility, and mental health. Their hospital indemnity insurance includes newborn coverage and outpatient mental health benefits, while accident insurance includes personal safety training, pet boarding, and organized sports. The enhanced insurance products also offer dependent parent coverage and coverage for dependent children up to 26 years old.
Securian Financial launches enhanced workplace supplemental health insurance benefits.
Press release, October 9, 2023.
Allianz Partners has launched the EU Top-Up Plan. The plan allows employers in Germany to provide enhanced healthcare benefits to their employees across the EU. Employers can now provide additional cover for a range of selected treatments, including dental, optical, and alternative therapies – offerings not typically covered by national healthcare. Employers can choose between five plans ranging from €300 to €1,500 per person annually.
Allianz Partners launches EU Top-Up Plan – a first of its kind offering in the global health insurance industry
Press release, November 22, 2023.
Welcome Labour Insurance is a health protection plan designed to cover risks for foreign workers from CLMV countries (Cambodia, Laos, Myanmar, and Vietnam) relocating to work in Thailand. The plan covers medical inpatient expenses, with a maximum coverage of 150,000 baht per person. It also covers outpatient medical expenses, as an outpatient providing a maximum coverage of 1,000 baht per visit (up to 15 visits per policy period). The plan also covers lLoss of life, dismemberment, loss of sight, or total permanent disability due to accident, offering a maximum coverage of 100,000 baht per person.
AXA Thailand introduces 'Welcome Labour Insurance' to empower entrepreneurs to run businesses with confidence and peace of mind.
Press release, December 8, 2023.
Insurance House announces the launch of its Easy Payment Plan, specifically designed to cater to the specific requirements of small to medium-sized enterprises. The Easy Payment Plan offers zero interest, flexibility to spread payments over 10 months, flexible credit facility, and low-down payment.
Insurance House debuts Easy Payment Plan for group health insurance.
Zawya, November 16, 2023.
The menopause service has been extended to all members, including individual customers and SME members. The help is provided through a network of AXA Health recognized specialists accredited with the British Menopause Society (BMS). Customers also have access to information and wellbeing support from nurses and counsellors via a 24/7 phone line.
AXA Health extends menopause service to all members.
Health & Protection, September 29, 2023.
The program provides access to personalized benefits for food, health products, pharmacy, and nutrition services, as well as other social care needs.
Kroger and Soda Health Collaborate to Launch a Smart Benefits Program to Improve Health and Nutrition Security.
Press release, December 7, 2023.
MHS announces a new partnership with behavioral health management company Mindoula to offer MHS members around-the-clock, personalized support to address trauma, suicide risk, and other rising mental health challenges. Mindoula’'s combination of 24/7 support, tech-enabled management, and measurement-based care has proven to lead to better outcomes for patients. Programs include Interpersonal Violence Reduction, Suicide Prevention, StrongWell Substance Exposed Pregnancy, and Population Health Management.
MHS Partners with Mindoula to Promote Behavioral Health Services for Medicaid Members.
PR Newswire, December 6, 2023.
Transamerica has introduced the Long-Term Care Rider for its Universal Life Insurance, providing a flexible solution for Americans approaching retirement. This rider facilitates early access to death benefits, providing policyholders with some financial relief when facing debilitating conditions, helping pay for licensed long-term care expenses at home, in a facility, adult daycare, or a specialized treatment center.
Transamerica Bolsters Long-Term Care Planning with Innovative Workplace Life Insurance Rider.
Press release, November 27, 2023.
BCBSTX is offering multiple options that can provide independent workers with access to care for themselves and their families. BCBSTX is offering plans in all 254 Texas counties, where many in the Affordable Care Act (ACA) Marketplace population may qualify for a $0 monthly payment on some plans after subsidies and the advance premium tax credit (APTC) are applied.
Blue Cross and Blue Shield of Texas (BCBSTX) tailors health insurance options during Open Enrollment.
Press release, November 20, 2023.
Care.com, an online platform for finding and managing family care, and Stride Health, the only benefits platform built for independent workers, have joined forces to provide caregivers access to personalized affordable benefit plans. Customers will be able to customize and select health insurance and dental and vision benefits.
Care.com and Stride Team Up to Provide Caregivers Access to Health Insurance and Other Benefits.
Business Wire, November 16, 2023.
Sonder Health Plan makes Aloe Care's Essentials offering available to thousands of eligible Medicare Advantage members, providing Aloe Care's voice-activated advanced medical alert as a fully covered benefit. The voice-activated Smart Hub will provide 24/7 access to professional emergency response, built-in motion, temperature, and air-quality sensors, as well as a wearable care button.
Sonder Health includes Aloe Care’s voice-activated medical alert as a fully covered benefit in 2024.
PR Newswire, November 21, 2023.
The partnership will offer shoppers and drivers working with Shipt access to Stride’'s benefits platform, where they can purchase affordable health insurance, as well as dental and vision coverage. They will have free, year-round access to Stride’'s customer service team of licensed, qualified agents who can help them get the most out of their benefits.
Stride Health Partners with Shipt to Offer Shoppers and Drivers Access to Affordable Health Insurance During Open Enrollment.
PR Newswire, November 16, 2023.
The two companies are introducing a Gap product solution tailored to offer members enhanced benefits toward deductibles on their current major medical insurance plans. "GAPCare Advantage," is designed to address increasing health insurance costs by providing an effective solution to help ease the financial burden of deductibles.
Zurich and Healthcare2U to offer Gap product for medical insurance plans.
Press release, November 16, 2023.
Capital Rx, a full-service pharmacy benefit manager (PBM) and pharmacy benefit administrator (PBA), is partnering with Vida Health to launch Rx Activate and provide its clients with access to additional resources and options to help manage cardiometabolic conditions via personalized virtual care. Plan members will have access to Vida's providers and resources for cardiometabolic conditions, including hyperlipidaemia, hypertension, diabetes, congestive heart failure, and weight management. Mental health support for depression and anxiety, which often accompany these conditions, is also provided.
Capital Rx and Vida Health Partner to Launch Rx Activate, a High-Touch Chronic Condition Management Program.
PR Newswire, November 14, 2023.
Amazon introduces compelling new health care benefit for Prime members for only $9 a month (or $99 a year). Prime members get high-quality, convenient care from One Medical, including 24/7 on-demand virtual care nationwide. The One Medical membership covers unlimited access to 24/7 on-demand virtual care, including video chats with licensed providers within minutes, as well as an easy in-app “Treat Me Now” feature.
Amazon introduces compelling new health care benefit for Prime members for only $9 a month (or $99 a year).
Press release, November 8, 2023.
BeMe Health, Inland Empire Health Plan, and Molina Healthcare of California have joined forces to offer access to BeMe’s digital behavioural health platform, built with and for teens. The initiative provides teens with secure access to engaging mental health content and skill-building activities, as well as 1:1 coaching and connections to clinical services and 24/7 crisis support.
California Teens to Have Equitable Access to Mobile Mental Health Support.
Business Wire, November 1, 2023.
Lincoln Financial launches an expanded suite of health savings solutions designed to empower retirement plan sponsors with a holistic approach to employee financial wellness. The comprehensive offering now includes a fully integrated Health Savings Account (HSA) that serves as a tax-efficient tool to manage qualified medical expenses, achieve savings, and pursue retirement readiness.
Lincoln Financial Group introduces comprehensive health savings solutions for plan sponsors.
Business Wire, October 19, 2023.
Vitality members now can benefit from RethinkCare’s Parental Success solution, which helps caregivers raise more- resilient children, including those with developmental and learning challenges. The collaboration with RethinkCare adds digital content and expert parenting consultations to the Vitality platform to holistically support all working parents, caregivers, and their families.
Vitality Offers New Mental Health Resources for Parents and Caregivers Through Partnership with RethinkCare.
Alignment Healthcare, Inc. and Walgreens have signed an agreement to offer new $0-premium co-branded Medicare Advantage (MA) plans in select markets throughout Arizona. Members who enroll in one of the co-branded plans will be able to use their over-the-counter benefits at Walgreens or online through a mail-order provider. The plans offer comprehensive medical and prescription drug coverage, including a $0 co-pay on more than 10,000 prescription drugs at Walgreens and other in-network pharmacies.
Alignment Healthcare and Walgreens to Introduce Co-Branded Medicare Advantage Plans in Select Markets in 2024.
ENP Newswire, October 18, 2023.
PlanFit CheckUp is, a seamless offering designed to remove stress and enhance the experience for consumers shopping for a Medicare Advantage plan.
GoHealth Launches PlanFit CheckUp; Aims to Provide ‘'Peace of Mind'’ to Consumers During Upcoming Medicare Annual Enrollment Period.
PR Newswire, October 11, 2023.
The Philadelphia Union Foundation has launched a new initiative called HeadFirst, in collaboration with Philadelphia College of Osteopathic Medicine (PCOM) and Independence Blue Cross, to provide mental health resources for the youth soccer community. HeadFirst includes three components: a digital toolkit for players, parents, and coaches; “A Happier U in-person education; and an Annual Mental Health Forum.
Philadelphia Union Foundation launches youth mental health awareness initiative, HeadFirst.
Inquirer, October 10, 2023
As part of the program's initial launch, Evernorth will work with over 44,000 providers, with plans to expand over time. The providers include behavioral health coaches, therapists, and prescribers who can help with a variety of mental health conditions, including anxiety, depression, sleep disorders, substance use disorders, and more.
Evernorth Introduces Innovative Behavioral Health Measurement-Based Care Program, Reinforcing Commitment to Health and Value While Improving...
PR Newswire, October 6, 2023.
Priority Health is providing access to "myStrength" to all state residents aged 13 and older. The tool helps users "recharge, refresh, and improve their mood.” The myStrength app includes tools, hundreds of activities, articles, and videos to help users relax, get inspired, and feel more hopeful. The myStrength app is available now through March 31, 2024.
Priority Health makes mental health app available for free to Michigan residents.
Company website, October 4, 2023.
The insurance plans are available at different price ranges and can be customized with optional riders and choices for both 24-hour and off-the-job coverage. All policies include an Accidental Death Rider, which pays a benefit if an insured person dies in a covered accident.
Assurity Life Insurance Company has launched a new Individual Accident Insurance, offering affordable protection for unexpected medical expenses resulting from accidents and injuries.
Press release, October 2023.
Airtel Money Tanzania, Jubilee Health Insurance, and Axieva Limited have partnered to introduce a comprehensive and affordable health insurance cover, Afya Bima. The partnership aims to support the 75% of Tanzanians who own a mobile phone by providing them with a well-crafted mobile healthcare product.
Airtel Money, Jubilee Health, and Axieva Launch Affordable Mobile Health Insurance – 'Afya Bima'.
Tech Africa News, December 8, 2023.
The wellbeing services include digital gym classes; fitness programmes such as Pilates, yoga, and high-intensity interval training; mindfulness sessions; and wellbeing resources. The health and wellbeing services will be available in the Bupa Touch app to all U.K. health insurance customers, including consumers and businesses.
Bupa rolls out new wellbeing services for policyholders.
British News Today, November 24, 2023.
Bupa UK insurance and Informed Genomics Limited have collaborated to make a pioneering genetic test for bladder cancer available for the first time in the U.K. The new GALEAS™ Bladder test detects bladder cancer by picking up genetic markers in urine samples, which patients can provide from the comfort of their own home.
Bupa makes pioneering genetic test for bladder cancer available for the first time in the U.K.
Press release, November 7, 2023.
The employee benefits provider has updated its additional leave policy with a new section on miscarriage and pregnancy loss. They have also ensured appropriate help is signposted to staff – via external specialist support groups or through its Help@hand app.
Unum extends support for miscarriage and pregnancy loss – Benefits Expert (benefits-expert.com).
Benefits Experts, November 10, 2023.
Customers can personalize their policy based on the services that interest them. The basic primary care offered inincludes general medicine, paediatrics, childcare, basic diagnostic means, and emergencies, both outpatient and home. The insurance also offers primary care and hospital, and out-of-hospital guarantees, with or without co-payment.
Orange launches health insurance with Mapfre with a discount for its customers.
ePrime Feed, November 15, 2023.
Discovery Health has partnered with Amwell Clinicians and now is able to provide members with SilverCloud by Amwell, a clinically validated, evidence-based, and affordable digital mental healthcare platform.
Amwell Partners With Discovery Health to Bring First-of-its-Kind Digital Mental Health Benefit to South Africa.
Business Wire, October 10, 2023.
DA will provide affordable and convenient home-based healthcare services to customers of Prudential’s Integrated Shield Plan, PRUShield. The new home-based services offer time savings and convenience, giving them peace of mind that they and their dependents are well-protected against illnesses.
Doctor Anywhere (DA) partners Prudential Singapore to boost preventive health with home-based services.
Blog, November 10, 2023.
With Cigna's new insurance (www.Cigna.com ) partnership in Kenya, policyholders can access medical treatment within Kenya and tap into a global network of top-tier healthcare providers. The partnership also offers various other benefits, including an employee assistance program, telehealth services, clinical care for critical illnesses, mental health solutions, and access to an online well-being solution – LVL Wellbeing.
Cigna Healthcare Announces Partnership with AAR Insurance to Provide New Services in East Africa.
ZAWYA by Refinitiv press releases, November 22, 2023.
Magazine Luiza announced the launch, together with BNP Paribas Cardif of Proteção Saúde, a health insurance plan with cover of R$10,000 for diagnoses of serious illnesses such as cancer, stroke, and heart attacks for the plan holder. The product also offers a network of accredited professionals and services that cater to traditional and complementary medicine. It is available as an individual plan which at R$22.80 per month. BNP Paribas Cardif Health Protection is distributed exclusively through business partners. (Text in Portuguese)
Health Protection.
Product brochure, October 2023.
KonsultaMD, the telemedicine provider under Globe Telecom Inc., has sealed partnerships with insurance provider Etiqa Philippines. The partnerships center on improving end-to-end telehealth care through KonsultaMD’s “Health Plans” feature on its online app. KonsultaMD currently provides 24/7 access to medical services for patients, including doctor consultations, medical certificates, same-day pharmacy delivery, at-home diagnostics, and nursing care for newborns and the elderly.”
KonsultaMD forges ties with health insurance firms.
Manila Bulletin, November 16, 2023.
QLM Care is designed to cater to citizens and residents in Qatar. It covers health service charges from private medical service providers such as hospitals, health centers, private clinics, and pharmacies.
QLM launches new medical insurance product ‘QLM Care’.
The Peninsula, October 17, 2023.
TNG Digital, in partnership with AIA Malaysia, has introduced Insure360, a comprehensive health insurance center, accessible through its Touch ‘n Go eWallet. This feature provides a selection of critical illness and medical insurance products. The new offering aims to cater to individuals seeking affordable medical and critical illness coverage, with premiums from as low as RM10 per month.
AIA partners with eWallet for affordable health insurance.
Insurance Business, November 24, 2023.
The insurance offering by Indira IVF and SafeTree would first take a proactive approach for 24 months with medical, dietary, and psychological consultations to help couples under the age of 35 years conceive naturally. In cases where couples are unable to conceive naturally thereafter, the insurance programme would offer cashless treatment of two intrauterine insemination (IUI) treatments and two in vitro fertilisation (IVF) protocols, respectively, that includes egg collection, laser- assisted hatching, blastocyst culture, and embryo transfer and freezing.
Indira IVF partners with SafeTree to introduce India’s first infertility insurance plan.
Deccan Herald, December 19, 2023.
Reliance General Insurance Company Ltd has launched ‘Reliance Health Global,’ which provides extended support by covering pre- and post- hospitalization. It also offers comprehensive coverage for overseas treatment, including critical situations such as cancer and bypass surgery.
Reliance General launches healthcare policy to make global healthcare accessible to Indians.
Financial Express Online, December 13, 2023.
Muskaan is a specialised health insurance product thaT provides domestic workers unwavering support through seamless access to insurance. It offers comprehensive coverage under Section 1 (Health), including in-patient treatment, pre-hospitalization, post-hospitalization, domiciliary treatment, and AYUSH treatment. Further, Section 2 (Personal Accident) provides comprehensive coverage for accidental death and permanent total disability.
Universal Sompo General Insurance unveils 'Muskaan'.
Indiantelevision.com, December 7, 2023.
Aditya Birla Health Insurance Company (ABHICL) has launched its flagship product ‘Activ Health’ across key markets. Key features include an incentivized wellness program, chronic care management plan, comprehensive insurance plan, and a digital health manager available through the Activ Health app.
ABHICL Announces Launch of Flagship Product, ‘Activ Health’.
Press release, November 30, 2023.
TATA AIG General Insurance Company introduced "Health Supercharge" with the aim of offering a fivefold enhancement in health insurance coverage. TATA AIG Health Supercharge gives a sum insured starting from ₹5 lakhs to ₹20 lakhs. Customers can choose from two plan variants, the Value Plan and Geo Plan, primarily based on their geographical location.
Tata AIG introduces 'Health Supercharge' offering enhanced coverage for overall well-being; all you need to know.
Business Journal, November 28, 2023.
MediBuddy, India’'s largest digital healthcare platform, and Aditya Birla Housing Finance Limited (ABHFL), have collaboratively introduced exclusive healthcare advantages for the customers of (ABHFL). The MediBuddy plan will provide exclusive healthcare services at a low cost of INR 299, It includes INR 1000 worth of benefits in OPD, lab tests, and health packages, as well as INR 500 off on pharmacy expenses.
MediBuddy & ABHFL unveil exclusive healthcare plan for housing finance customers.
Fintech Biz News, November 22, 2023.
Star Health and Allied Insurance introduced Smart Health Pro, a digital-exclusive health insurance policy. The policy offers five different optional covers allowing the insured to customise the policy. A 5% discount on premium is available at the initial purchase of the policy if questions related to lifestyle and habits are answered.
Star Health introduces Smart Health Pro.
Product brochure, November 16, 2023.
Online food delivery platform Zomato launched a comprehensive maternity insurance plan for the female delivery partners onboarded with the company. The insurance plan will cover expenses related to pregnancy, including birth and any maternity complications. The plan is available to female delivery partners who have completed 1,000 deliveries on the Zomato platform and have been active for the last 60 days.
Zomato launches maternity insurance plan for female delivery partners Indo-Asian News Service.
HR World, October 25, 2023.
The innovative Health Prime Rider redefines health coverage by offering a suite of benefits to provide holistic healthcare solutions to its customers. The additional coverages include Dental Wellness, Emotional Well-Being, Diet and Nutrition Consultations, and Physical Fitness.
Bajaj Allianz General Insurance Unveils its Enhanced 'Health Prime' Rider for Comprehensive Healthcare Coverage with a focus on Mental Well-Being.
Business Standard, October 18, 2023.
The ManipalCigna Accident Shield plan comes in two variants classic and plus. It also includes benefits like child welfare cover, temporary total disability, burns benefit, broken bones benefit, coma benefit, loss of employment, air ambulance, and accidental hospitalisation, among others. The one policy assures financial support and provides cushion for a better tomorrow in any accidental eventualities.
ManipalCigna Health Insurance Introduces ManipalCigna Accident Shield – Personal Accident Plan.
Press release, October 10, 2023.
Tata AIG General Insurance has introduced a robust health insurance policy exclusively for senior citizens. Tata AIG Elder Care offers a combination of extensive medical coverage, along with a range of home care services.
Home care, physio covered: Now a health policy designed for senior citizens.
Business Standard, October 4, 2023.
The “Better She” Programme is the first menopause health management programme in Hong Kong. Better She is designed to support and inspire women as they navigate the physiological changes during the menopausal period. These services range from health check-ups, and gynaecological consultations to, symptom relief treatments, and mental health support.
AXA Introduces ‘Better She’.
AXA and UMP announce their strategic partnership introducing inaugural outpatient clinic services to fulfil the medical needs of Hong Kong residents living and travelling to the mainland. By leveraging UMP’s extensive medical networks and administrative arrangements, AXA provides mainland customers access to a broader range of medical treatment options and superior medical services.
AXA and UMP announce strategic partnership.
Desjardins Insurance is pleased to announce the launch of Family Focus, an expansion of its existing service offer. Plan members can receive personalized support with what can be a physically and emotionally challenging process. Members will have access to Prenato’s support services, which include screening tests, an educational platform, online prenatal courses available in English and French, personalized coaching, and a genetic counselling service.
Desjardins launches 'Family Focus' fertility offer.
Press release, November 2, 2023.
GreenShield and Landsberg will exclusively launch First Step, a first-of-its-kind mental health program aimed at approaching the topic with real, raw conversation. Each month, hosts will interview a new guest, from famed celebrities to leaders, to everyday professionals, unlocking an unfiltered conversation previously unseen in the mental health space.
GreenShield partners with mental health advocate Michael Landsberg to destigmatize mental health.
Canada Newswire, November 29, 2023
Legal & General has announced a new partnership with Co-op Insurance to offer members and customers its life and critical illness cover. The products offered are life insurance, decreasing life insurance, and over 50’s fixed life insurance. Customers will also have access to Legal & General’s Care Concierge and wellbeing support via RedArc, two additional services provided free of charge.
Co-op partners with Legal & General.
Coverager, December 19, 2023.
The YuLife app tracks and rewards users for participating in everyday activities such as walking, and meditation, and these metrics are used to calculate the YuScore, which helps YuLife customer companies gain health and wellbeing insights into their risk profiles, based on employee engagement in healthy activities.
YuLife launch AI-powered health and wellbeing metric.
Life Insurance International, October 17, 2024.
Bluezone Insurance has announced the launch of an upgraded version of its life cover for people with type 2 diabetes, through a partnership with mutual Shepherds Friendly.
Bluezone upgrades life cover with Shepherds Friendly partnership.
FF News, October 2, 2023.
Airtel Money Uganda has partnered with AAR Health Services and Blue wave to introduce health and life insurance for individuals and families. To join the Ddwaliro Care savings, one must be registered with Airtel Money service. Customers with Ddwaliro Care will be able to save towards hospital bills with Airtel Money.
Airtel, AAR Health Services, Blue wave launch ‘Ddwaliro Care'.
Mania Media, October 26, 2023.
Sri Lanka Insurance (SLIC) launches 'Early Cash' online to ensure customer convenience. This is the first ever life insurance plan available online for purchase. The plan can be customized with additional covers, such as Critical Illness Cover, Hospitalization Cover, Additional Life Cover, Permanent Disability Benefit, Accidental Death Cover, and Spouse Cover for enhanced protection.
SLI launches 'Early Cash' online.
Daily News (Sri Lanka), October 25, 2023.
Decesos Elección Senior is aimed at clients between 55 and 80 years of age who wish to take out single-premium funeral insurance with financing options. The policy also offers a wide range of value-added services and living use benefits. (Text in Spanish)
MAPFRE launches Senior Choice Deaths, a new single-premium insurance policy for people over 55 with tailor-made payment terms of up to five years.
Press release, October 24, 2023.
Uber has partnered with Enterprise Group to launch a new insurance product called ‘Safe & Save’ for Uber pro drivers. The insurance product aims to provide Uber pro drivers in Ghana with access to affordable insurance and financial services.
Uber partners Enterprise Group to launch ‘Safe & Save’.
Business and Financial Times, October 2, 2023.
The Grand Fortune Whole Life Protection Plan not only provides whole life protection but also helps with growing wealth steadily and establishing a solid financial foundation. Grand Fortune Whole Life Protection Plan is an eligible life insurance plan under the Policy Reverse Mortgage Programme (“PRMP”). Its features include single-premium simple management, double dividends additional return, and flexible wealth management to plan for the future.
Hong Kong Life’s Grand Fortune Whole Life Protection Plan: All-rounded care for your needs.
Media OutReach Newswire, November 23, 2023.
Life Gala is an eligible life insurance plan under the Policy Reverse Mortgage Programme, providing stable cashflow to enhance quality of retirement life. One key feature of the plan is the Life Celebration Booster Option, which offers policy owners unlimited flexibility in topping up their coverage as they reach different life milestones.
FWD Hong Kong launches Life Gala Insurance Plan and collaborates with The Hong Kong Mortgage Corporation Limited to refer Policy Reverse Mortgage Programme and Reverse Mortgage Programme support customers on retirement planning.
Media Outreach, November 16, 2023.
bolttech Insurance, the Hong Kong general insurance arm of international insurtech bolttech, has partnered with leading travel company Trip.com to embed travel insurance into Trip.com 'customers’ journey.
bolttech Insurance and Trip.com forge partnership to launch in-app insurance service in Hong Kong.
PR Newswire Asia, October 8, 2023.
This program is a revolution in the field of philanthropy, offering donors the opportunity to purchase life insurance to benefit the cause they care about. The donor takes out a life insurance policy and designates the organization of his or her choice, registered with the program, as policyholder and beneficiary. The program is available to residents of Quebec, Ontario, and New Brunswick.
Official launch of J'assure ma cause, an innovative philanthropic financing solution that makes it easy to donate life insurance to a charitable cause.
GlobeNewswire, November 1, 2023.
Prime Bank has signed an agreement with MetLife Bangladesh to offer life insurance coverage to customers whose salaries are processed with Prime Bank. MetLife Bangladesh has over 1 million individual customers.
Prime Bank signed agreement with MetLife.
Tbsnews.net, November 23, 2023.
Dai-Ichi Life Holdings and group life insurance startup YuLife are announcing a pilot program. As part of the pilot, Dai-ichi Life will provide test users with the YuLife app, which equips employees with an engagement program that incentivizes wellbeing initiatives and rewards “healthy living.”
Dai-ichi and YuLife announce pilot program.
Coverager, October 30, 2023.
Allianz Kasih4All is a yearly renewable, non-participating term plan with coverage up to 71 years old. The product comes in two available plans, with premium rates for Plan 1 and 2 starting at RM35 and RM55 for those age 16 to 40. (Text in Malaysian)
Allianz Kasih4All.
Product brochure, November 2023.
Old Mutual Namibia officially launched its Rewards Programme, the Old Mutual Rewards platform. Consumers can earn rewards for building financial knowledge and making sensible financial decisions. Point-earning activities include financial assessments, using online planners such as the education savings, or debt repayment calculators, and completing education modules on Moneyversity.
Old Mutual launches rewards programme.
Business Tech, November 13, 2023.
Pink Riders, an organisation empowering women bike riders in Pakistan, and TPL Insurance announced the launch of a ground-breaking bike insurance product that redefines the industry. TPL Insurance is also offering up to 40% discounts to women on selected insurance plans.
Pink riders, TPL sign deal.
The News International, October 10, 2023.
SunBrilliance Indexed Universal Life will be the first universal life solution plan for Prudential Financial Advisor (PFA) clients. The solution is an offering for the affluent and high-net-worth client segments. Its features include Legacy Plus, which offers death benefit pay-outs in single, or installments bases.
Sun Life Singapore launches life insurance package for Prudential clients.
Singapore Business, December 2, 2023
USAA members will benefit from Trust & Will’'s streamlined approach to estate planning. Key benefits include legally valid documents designed by attorneys; a secure, intuitive online platform for both estate plans and probate; swift completion of estate plans; and dedicated educational resources for military members.
USAA Life Insurance Announces New Relationship with Trust & Will.
PR Newswire, November 29, 2023.
Gerber Life has unveiled a fully digital Uniform Gifts to Minors Act (UGMA) product enabling parents to easily set up and track investment accounts for children from day one. The funds in a UGMA can be used for anything that directly affects a minor. Whether it’s their first car, travel, band equipment, astronaut camp, or future educational costs, 100% of funds deposited can be used towards the betterment of the child.
Fabric by Gerber Life Unveils Digital UGMA Product to Make Investing in Children's Futures Simple and Automatic.
Business Wire, November 30, 2023.
Transamerica has introduced the Long-Term Care Rider for its Universal Life Insurance, providing a flexible solution for Americans approaching retirement. The rider allows policyholders to access death benefits early to pay for long-term expenses at home. The policy offers traditional universal life insurance benefits, including cash value growth and simplified premiums, and is available without medical exam requirements.
Transamerica Bolsters Long Term Care Planning with Innovative Workplace Life Insurance Rider.
Ash Brokerage and Legal & General America announced the launch of FlashTerm, a customer-centric term life insurance product. FlashTerm provides a quicker, simpler exam-free process to get term life insurance. Most clients can expect a decision within 72 hours.
Ash Brokerage, in Partnership with Legal & General America, Introduces Innovative FlashTerm Product.
Coverager, November 18, 2023
BlueCross BlueShield of Tennessee has partnered with Centerstone to launch a yearlong pilot program aimed at providing high-quality and cost-effective outpatient mental health resources and treatment. Centerstone’s Middle and Southeast Tennessee mental health facilities will participate in the program, which begins January 1 and will focus on BlueCross members who are covered by an employer-sponsored plan or an individual plan.
BlueCross BlueShield of Tennessee and Centerstone Launch Value-Based Behavioral Health Care Pilot.
Yonder customers will now be able to view, compare, and purchase highly innovative and customizable battleface plans in just minutes. The partnership with battleface allows users to purchase a unique trip protection plan, called the Discovery Trip Protection plan
Yonder Travel Insurance Launches New Partnership with battleface
PR Newswire, October 16, 2023.
Savings+, never before available in the U.S., combines a high-yield savings account with a life insurance benefit worth up to $10,000*. "Savings+ expands financial protection to those historically left out, offering both growth and peace of mind.
Wysh Financial Launches America’'s First High-Yield Savings Account with No Cost Life Insurance.
Yahoo Finance, October 4, 2023.
Sanlam Nigeria has launched a family protection plan aimed at providing a pay-out to cover funeral expenses following the loss of a loved one. Family Love Plan is a funeral product designed to provide financial protection to policy holders’ loved ones to finance the cost of family members’ funeral expenses.
Sanlam Nigeria Officially Unveils Family Love Plan, Code of Confidence.
Daily Independent, October 4, 2023.
The Sunset Benefit Plan provides comprehensive funeral expenses coverage and financial security during bereavement or loss of their loved ones. It covers policyholders and their loved ones, including spouses and parents or parents-in-law.
Stanbic IBTC Insurance launches new plan.
Nigerian Tribune, October 2, 2023.
AXA Smart Traveller Plus offers All-Round Protection: Enjoy peace of mind, knowing that whether it’s a matter of health or personal effects, we've gotit covered. The plan offers a 24-hour AXA Hotline ensuring assistance during illness or accidents, and facilitating hassle-free hospital stays without the need for upfront payments.
Embrace Your Travel Dreams with AXA Thailand's Exclusive Year-End Offer.
Press Release, December 12, 2023.
Manulife China Bank Life Assurance Corp. (MCBL), the bancassurance partnership between Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines), and China Banking Corp., has launched an insurance plan offering life protection with guaranteed cash pay-outs. MCBL AssureMax comes in two basic plans, with a benefit period of 20 years or up to age 65. AssureMax 20 is available for ages 0- to 65, while AssureMax 65 is for ages 0- to 45.
MCBL launches new life insurance product.
Business World, December 19, 2023.
FWD The One for gamers offers flexible coverage for life’s adventure for any stage. The policy can be bought via the online shop, with no medical examination required. Starting at PhP330 for a year of coverage, gamers can build their plan by adding critical illness benefit, accidental death coverage, or both.
FWD Life Insurance launches the Philippines’s first insurance plan for gamers.
Press release, October 12, 2023.
MetLife Korea’'s 360Future offers a comprehensive retirement solution. 360Future, denotes 360-degree seamless preparation for the future of our customers and their families, offering more than 30 services that enhance quality of life while providing health care support. The solution includes a wide range of support services for elderly parents. MetLife has entered partnerships with six companies to offer personalized services catering to generational lifestyles.
MetLife Korea offers integrated retirement solution.
Korea Times, November 14, 2023.
Kotak T.U.L.I.P is a unique plan that works like a term plan and earns like a ULIP. The plan offers the combined benefit of protection + returns, including: choice of investment strategies, flexible payments, and tax-free returns.
Kotak T.U.L.I.P.
Product brochure, December 2023.
Canara HSBC Life Insurance has introduced "Alpha Wealth", a program designed to empower individuals to reach ambitious life goals. The insurance scheme gives flexibility by allowing participants to choose from three plan choices based on life levels: Alpha Invest Plus, Alpha Premium Plus, or Alpha Life Plus.
Canara HSBC Life Insurance introduces Alpha Wealth; all you need to know.
Business Journal, December 16, 2023. .
HDFC Life Click 2 Achieve is a non-linked, non-participating individual life insurance plan. It allows the customer to decide the amount of income they wish to receive, perfectly tailored to their needs.
HDFC Life introduced HDFC Life Click 2 Achieve, featuring guaranteed benefits. Details here.
Product brochure, December 13, 2023.
Jeevan Utsav is a Non-Linked, Non-Participating, Individual, Savings, Whole Life Insurance Plan that will provide “guaranteed life-long income and risk cover.” The premium payment term is between five and 15 years. The plan provides regular income benefit and flexi income benefit.
LIC Jeevan Utsav Insurance Plan 2023 Launched; Get 10% Of Sum Assured Life Long.
MSN, December 1, 2023.
Pramerica Life RockSolid Future is an individual, non-participating, non-linked savings life insurance plan. The plan offers four distinct propositions to choose from: Income Builder, Family Revenue Builder choice, Fortune Builder, and Dream Builder.
Pramerica Life Insurance introduces Pramerica Life RockSolid Future with assured returns. Details here.
Business Journal, November 24, 2023.
Bajaj Allianz Life Ace is a non-linked, participating life insurance savings plan offering customers the flexibility to choose the desired income, income start year, and income period, as well as adjust maturity benefits, according to their goals. The plan offers, in addition to the life cover, life-long income up to the age of 100 years.
Bajaj Allianz Ace unique savings plan, enabling customisation of cash flow as per life goals.
Indiantelevision.com, October 21, 2023.
Ageas Federal Life Insurance (AFLI) has announced the launch of ‘Ageas Federal Life Insurance Super Cash Plan’ – a non-linked, participating savings plan for retail customers. The plan features include Save The Date, which allows policyholders to defer survival benefit to a chosen special date, and Uninterrupted Income Benefit (UIB), an optional benefit to waive off any future premiums due after the demise of the life assured.
Ageas Federal Life Insurance launches Super Cash Plan for regular income and security.
Financial Express Online, October 16, 2023.
The company recorded growth in the demand for coverage used in life, such as Disability, Serious Illness, and Temporary Disability Daily Allowances and Hospital Admission. (Text in Portuguese)
Icatu expands coverage of serious illnesses in life insurance.
Apolice, October 9, 2023.
"Darwin Critical Care No.8 - Advanced" is a Customized Critical Illness Insurance Product. It provides extensive coverage for 120 critical, 20 moderate, and 40 mild illnesses. It’s features include cost-effectiveness, rapid protection with first claim available in as few as 90 days, and a low eligibility threshold.
Huize Partners with PICC Life Insurance to Launch ‘Darwin Critical Care No.8 – Advanced’ – A Customized Critical Illness...
Press release, December 15, 2023.
Easypaisa customers will benefit from a comprehensive cancer insurance plan, of up to PKR 1 million. The plan is easily accessible through a user-friendly Mini-App of EFU integrated within the Easypaisa app.
Easypaisa, EFU Life and Roche unite to unveil innovative 'Cancer Cover Plan'.
The Nation, October 28, 2023.
The product features of Bowtie’s “Term Critical Illness – Early Stage & Multiple Cover” include the coverage of four types of early-stage critical illness. This includes carcinoma-in-situ, early-stage malignant. and two types of medical conditions that require angioplasty surgeries. It also covers cancer recurrence and 42 other types of major critical illness.
Bowtie launches 'Term Critical Illness – Early Stage & Multiple Cover'.
Blog, December 21, 2023.
The collaboration between HKIOC and CXH aims to provide eligible Prudential customers with cashless cancer treatment and exclusive medical concierge services. This model also grants Prudential customers prioritised access to the resources and services of HKIOC and CXH, facilitating more convenient cancer treatment.
Prudential joins forces with Hong Kong Integrated Oncology Centre and Zhongshan Chenxinghai Hospital to become the first insurer in Hong...
Insurance Business, November 29, 2023.
CareForAll is a new critical illness protection plan with relaxed underwriting requirements and all-round wellbeing support. It aims to provide comprehensive coverage access to those living with diabetes and chronic conditions known as the "3-Highs"[1], the growing elderly population, and survivors of cancer, heart attack, or stroke.
AXA launches CareForAll Critical Illness Plan to lower insurance barriers for those with health risks.
Washington National's Critical Illness Insurance also offers policyholders the flexibility to use their cash benefits without restrictions. It can be used for out-of-pocket expenses, deductibles, coinsurance, living expenses, and everyday bills. The coverage is available in 25 states, with more states to follow.
Washington National Releases New Critical Illness Insurance Product
PR Newswire, October 23, 2023.
InLife has launched a new limited-pay whole life critical illness plan called Resilience, which provides life insurance for up to age 99 but is payable in 10 years. Upon diagnosis of a covered major critical illness, the life insurance benefit - equal to 100% of the sum insured - will be given in advance to cover the insured’s medical expenses, plus a cash allowance in case of hospitalization due to a covered disease.
Insular Life (InLife) launches new critical illness plan.
Kahoona is equipped with an “Intuitive Performance Dashboard” and is replete with a host of digitally enabled features to make the entire sales and buying journey a breeze. The platform will enable end-to-end sales journeys for travel, with other insurance to follow.
Oona Insurance introduces ‘'Kahoona,'’ the ultimate insurance business tool for intermediaries.
Business Mirror, October 28, 2023.
“Digital Coach” is an innovative digital training technology developed by Ageas in collaboration with Reimagine and Microsoft. This interactive tool simulates highly realistic customer interactions and provides feedback designed to upskill insurance and financial advisors through generative AI technology.
Ageas deploys a unique Gen AI driven training tool for salesforce across Europe & Asia.
Press release, December 21, 2023.
Jackson has launched a proprietary tax deferral calculator available to financial professionals and their clients on Jackson.com. The tax deferral calculator was developed in partnership with FinMason, Inc. and enables users to compare the accumulation values and after-tax withdrawals of an investment taxed annually.
Jackson Enhances Suite of Digital Tools with Launch of Tax Deferral Calculator.
Yahoo Finance, December 8, 2023.
Integrity was created to help agencies like JST Financial empower their agents with the most innovative technology on the market. It’s full-stack technology platforms include MarketingCENTER, which ensures agents remain compliant in an ever-changing regulatory atmosphere, and LeadCENTER, a sophisticated delivery system offering real-time, actionable leads.
JST Financial Partners with Integrity to Empower Agents with Industry's Most Innovative Technology.
PR Newswire, December 12, 2023.
Heffernan Insurance Brokers is introducing HIB Marketplace, which allows agents to quote and bind cyber business through the platform, powered by Semsee, which is fully integrated with EPIC and provides immediate invoicing.
Heffernan Insurance Brokers launches HIB Marketplace.
Coverager, October 3, 2023.
Bupa UK has launched a resource hub to support independent financial advisers (IFAs) with the latest market trends and information on consumer health insurance. The Consumer Adviser Support Hub is available to IFAs for free and offers a range of digital materials and toolkits.
Bupa rolls out resource hub to support IFAs – Consumer Adviser Support Hub.
Product brochure, October 6, 2023.
The new platform allows business partners, such as banks, financial institutions, retailers, healthcare providers, and utility companies, to integrate insurance solutions into their customer journey. MetLife Xcelerator combines artificial intelligence and other disruptive technologies that enable partners to offer their customers access to a simple, frictionless, and fully digital insurance experience.
MetLife launches AI-platform MetLife Xcelerator.
Beinsure, November 16, 2023.
City Bank will offer insurance policy to its customers, issued by Guardian Life Insurance.
City Bank Signs Bancassurance Agreement with Guardian Life Insurance Limited.
The partnership allows Ujjivan to offer the entire suite of ICICI Prudential Life’s customer-friendly protection, long-term savings, and retirement products to its customers through its extensive network. Ujjivan Small Finance Bank has 700+ branches in 26 states and Union Territories.
ICICI Prudential Life Insurance and Ujjivan Small Finance Bank Forge Bancassurance Partnership
Outlook Money, December 13, 2023.
MAIF will provide its customers with wealth savings products from La Mondiale Partenaire. MAIF, will distribute “MAIF Avenir Patrimoine 2” life insurance and the “MAIF 2 capitalization contract,” both insured by La Mondiale Partenaire, offering sustainable investment options.
AG2R La Mondiale and MAIF deepen cross-distribution partnership.
Coverager, October 15, 2023.
Crédit Agricole Assurances (CAA) will distribute its non-life, personal protection, and creditor insurance products to Banco BPM's Italian network. Banco BPM has a network of around 1,500 branches in the country.
CAA signs distribution deal with BBPM for non-life insurance products.
Life Insurance International, December 18, 2023.
This agreement for exclusive distribution with BCC Banca Iccrea, holding the second-largest banking group in Italy by number of branches, allows BNP Paribas Cardif to fulfill its diversification through new distribution networks, notably in Italy.
BCC Iccrea Group and BNP Paribas Cardif sign a strategic partnership for life insurance in Italy.
Allianz Direct is partnering with ING in the Netherlands to offer a wide range of business insurance products to companies and entrepreneurs. This partnership offers companies and entrepreneurs, from sole traders to small and medium enterprises, access to a wide range of Allianz Direct business insurance products. The insurance policies will be available through ING's digital platforms from mid-2024.
Allianz Direct partners with ING.
Press release, November 28, 2023.
This partnership marks a significant expansion of Ageas Federal Life Insurance's distribution network, aiming to make life insurance products more accessible to a broader audience. NKGSB Co-operative Bank Ltd today has 104 branches spread over the states of Maharashtra, Goa, Karnataka, Gujarat, and Madhya Pradesh.
Ageas Federal LI Strengthens Partners with NKGSB Coop Bank.
Fintechbiznews, December 19, 2023.
This CA arrangement will enable customers of Karur Vysya Bank to avail HDFC Life’s wide range of life insurance products, which include solutions for protection, savings and investment, retirement, and critical illness. KVB Bank has a wide presence, with a network of 827 branches spread across 20 states and three Union Territories.
HDFC Life Enters into a Corporate Agency Tie-up with Karur Vysya Bank KVB to Offer Life Insurance Solutions to its Customers.
TheWeek.in, December 19, 2023.
The Karnataka Bank has entered a strategic corporate tie-up with HDFC Life to offer life insurance products to its customers. By combining Karnataka Bank’s century-old banking experience and HDFC Life's expertise in providing quality life insurance products, this collaboration is set to deliver a host of benefits to customers seeking financial security and life protection.
Karnataka Bank inks pact with HDFC Life to distribute life insurance products
Press release, October 19, 2023.
Commercial Bank of Ceylon PLC and AIA Insurance Lanka Limited, pioneers of Bancassurance in Sri Lanka, have announced an exclusive long-term bancassurance partnership. In this partnership, Commercial Bank will draw on AIA’s best-in-class capabilities to provide a broad range of carefully curated life and health insurance propositions to Commercial Bank’s customers. Commercial Bank has an extensive network of more than 3.5 million customers, spanning 272 branches.
Commercial Bank, AIA Sri Lanka announce landmark bancassurance partnership.
Daily News (Sri Lanka), December 7, 2023.
The partnership will see the integration of Prudential's insurance products and services within selected Diamond Trust Bank branches in Uganda. The DTB-Prudential partnership was signed to simplify the process for customers who seek solutions for savings and investment.
Prudential Uganda and DTB partner to deepen Insurance penetration.
New Vision, November 20, 2023.
The agreement will start in January 2024 and last for 10 years, enabling the two companies to collaborate to generate synergies and improve the customer experience with personalised services that respond to their needs. Sanitas will offer Generali’s health insurance policyholders a medical team of 51,000 professionals, 240 contracted hospitals, and 4,100 contracted medical centers, as well as its own network, which includes four hospitals (three in Madrid and one in Barcelona, plus a fifth centerre under construction in the Spanish capital), 20 multi-specialty medical centers, and 16 wellness centers.
Generali Spain signs a strategic agreement with Sanitas to strengthen its healthcare business.
The Mekakrawa microinsurance policy insures the subscriber and one dependent against death, accidental and natural death, total permanent disability, and critical illness. The minimum age for enrolling in a Mekakrawa subscription is 18 years, with a maximum age limit of 59 years. Mekakrawa caters to all individuals, with monthly premiums as low as GHc3. Subscribers should be aware of a three-month waiting period, during which death and critical illness benefits are not payable.
Prudential Life Insurance Ghana’s new Mekakrawa Policy: 5 Key takeaways
Joyonline, November 6, 2023.
India’s Canara HSBC Life Insurance has forged a partnership with insurtech company Artivatic.AI to enhance its processes. The new alliance will aid Canara HSBC Life Insurance in executing the digitisation of its insurance operations, such as onboarding of policies and quotations, simplifying payment methods, and carrying out pre-insurance validations, among others.
Canara HSBC taps Artivatic.AI to streamline insurance process.
Life Insurance International, October 13, 2023.
AdvantageConnect offers personalized, affordable, and accessible solutions for individuals seeking comprehensive coverage. The platform’s user-friendly interface and streamlined processes make it easy for anyone to obtain and manage their insurance policies. The intuitive platform empowers users to sign up, upload photos, and connect with a dedicated Life Planner.
Enterprise Life Nigeria launches AdvantageConnect.
BFT Online, December 20, 2023.
Sapiens has launched the latest versions of Sapiens IllustrationPro and Sapiens ApplicationPro, which include an enhanced digital experience, improved usability, and reinforced security measures. Sapiens has integrated Multi-Factor Authentication (MFA) into the IllustrationPro/ApplicationPro software login process, including text messages, email, and the use of an authentication app.
Sapiens upgrades its software solutions.
Life Insurance International, December 5, 2023.
Agenium has harnessed the accuracy of LexisNexis Instant ID and LexisNexis Life Data Prefill solutions to empower life insurers with a single-source solution to expedite a more accurate electronic application experience.
LexisNexis Risk Solutions Announces Alliance with Agenium to Deliver Speed, Ease of Implementation, Enabling Next-Gen Life Insurance Application Process.
QuickBooks announced a new strategic partnership with Allstate Health Solutions to provide QuickBooks Online Payroll customers with expanded insurance options for their employees. QuickBooks Online Payroll customers will have the ability to research and purchase insurance plans through a “specially designed online portal.”
QuickBooks partners with Allstate Health Solutions.
Coverager, November 14, 2023.
Majesco Copilot harnesses the capabilities of Azure OpenAI Service to streamline processes, optimize data handling, and elevate the user experience. It marks a significant advancement in the way insurance professionals interact with insurance software platforms. Majesco Copilot assists in deciphering complex policy details, addressing policy queries, generating correspondence, providing loss control guidance, proposing claims injury categorizations, and numerous other user-system interactions.
Majesco Unveils 'Majesco Copilot': A Breakthrough in Insurance Solutions.
Appian has announced the availability of the Connected Underwriting Life Workbench to help insurers unify workflows and data in an automated, end-to-end process. Its data fabric capabilities enable quick data and integration connectivity, coupled with AI-led automation that supports change management and optimized processes
Appian Launches Connected Underwriting for Life Insurance in Partnership with Swiss Re.
PR Newswire Europe, October 26, 2023.
LIBRA Insurance Partners has successfully implemented iPipeline's Agency Integrator product to support its Institutional Insurance Platform (LIIP). Critical data from members will be aggregated into a single source that can then be replicated to LIBRA's own database and reporting services.
LIBRA launches data technology with iPipeline.
LYLA and Balance Concierge will offer innovative solutions that optimize the utilization of employee benefits. Employees can access a broad range of services, including virtual assistants, wellness resources, travel planning, and childcare, via LYLA’s app-based platform and Balance Concierge’s onsite concierge services.
LYLA and Balance Concierge Unite to Drive Workforce Innovation, Combat Burnout, and Simplify Everyday Experiences.
Business Wire, October 11, 2023.
Hello Zurich allows claims handlers to video call with claimants, building trust from day one while allowing handlers to capture visual information about the claim. Zurich has also launched an end-to-end WhatsApp messaging journey for contents insurance claimants. This enables customers to share information instantly with images taken and stored on their mobile devices and the option to instantly copy documents via their camera apps.
Zurich slashes claim times to just 13 minutes after introducing WhatsApp and video customer journeys.
Insurtech YuLife has launched YuScore, an AI-powered metric that provides a dynamic, real-time assessment of a business’ health and wellbeing profile.
Life Insurance International, October 17, 2023.
iLife Technologies, the front-end operating system, has announced its e-App workflow solution for life insurance carriers. The platform promises to ease operations and eliminate the inefficiencies and frustrations associated with fragmented processes.
Insurtech iLife reveals workflow solution for life insurance.
Life Insurance International, October 6, 2023.
The State Farm Life Enhanced program now offers a breadth of programs aimed at engaging users in activities that could improve their overall wellness in exchange for rewards. The Life Enhanced app allows users to set goals, and learn about wellness, furthering their ability to maintain an active and healthy lifestyle.
Sureify, State Farm to Supplement Life Insurance Offerings.
Coverager, November 16, 2023.
Choice Mutual announces the launch of a mobile app that assists seniors shopping for life insurance to cover end-of-life expenses in avoiding scams. Seniors shopping for final expense insurance are regularly targeted by highly deceptive advertising deliberately meant to omit context and mislead. The app grants users’ free access to a digital platform that delivers transparent product pricing and policy conditions from every major insurance provider nationwide, so it-'s crystal clear how the coverage works and the exact cost.
New mobile app helps seniors avoid scams when shopping for final expense life insurance.
Acorns, the savings and investing app, has introduced a new premium subscription designed for families. The new plan costs $9 a month and offers several features, including an investment account for kids and access to GoHenry, a debit card and financial education app for 6 to 18-year-olds.
Acorns introduces new premium subscription.
Union Assurance has announced the launch of the 'Union Assurance Retirement Calculator,' a user-friendly online tool available at www.unionassurance.com/retirementcalculator. It empowers individuals to assess their financial readiness for retirement by entering their current age, intended retirement age, ideal monthly income desired in today’s terms, and current savings designated for retirement (optional).
Union Assurance launches innovative 'Retirement Calculator'.
Press release, October 11, 2023.
‘Shinhan Super SOL,’ is a digital app consolidating the core features of the group’s various financial services. Shinhan Super SOL also offers an integrated search feature, enabling users to easily find all the products and services offered by Shinhan Financial, including FAQs and financial guides, in a single platform.
Shinhan Financial Group to launch Shinhan Super SOL.
Pulse News, December 1, 2023. Maeil Business Newspaper, December 1, 2023.
From January 2024, customers with access to the Scottish Widows app will be able to connect their pensions with other financial accounts, such as current and savings accounts, stocks and shares products, loans, insurance policies, and mortgages, including those held with other providers. The app also provides financial wellness content and features provided by BeMoneyWell.
Scottish Widows partners with Moneyhub to help customers see all their finances in one place.
Coverager, December 6, 2023.
bolttech Insurance has partnered with leading travel company Trip.com. Trip.com customers in Hong Kong can now can purchase bolttech Insurance travel policies directly on Trip.com’s mobile app.
Press release, October 20, 2023.
Philippines-based Tonik, a digital banking platform, has announced a partnership with local insurance company, Sun Life Grepa. Tonik now can offer customized insurance solutions to its customers, providing an added layer of financial security
Tonik taps Sun Life Grepa Financial to launch insurance.
Manulife, recently launched its Manulife Online Mobile App. The app enables customers to access Manulife Online on their mobile devices to perform self-service policy transactions, such as policy viewing and contact details update, checking of fund values of their investment-linked products, accessing premium payment information and history, and secure premium payment online.
Manulife Philippines Launches New Mobile App to Meet Filipinos’ Growing Demand for Digitally Enabled Insurance Services.
The life insurer will soon come up with a YONO- like super app for all new services. Life Insurance Corporation of India is focusing on digital transformation and product mix to ensure better returns for its stakeholders.
LIC's Super App soon! Modi govt's BIG PLANS for insurer – Digital onboarding of customers from THIS month.
ET Now, October 16, 2023.
Income Insurance has launched the "SNACK Self Care Pack," a first-of-its-kind mental wellness insurance subscription plan. The plan is available through a monthly subscription on the SNACK by Income mobile app at SG$9.90. It also covers inpatient hospitalization or post-hospitalization conditions.
Income Insurance launches First-in-Market Mental Wellness Insurance Subscription Plan
Press release, October 3, 2023.
DocHQ’s cutting-edge remote physiotherapy services use the latest AI technology alongside a team of chartered physiotherapists to empower employees to effectively manage musculoskeletal injury or pain. DocHQ offers personalised 1:1 physio advice, tailored assessments, and customised treatment plans. DocHQ Physio’s innovative AI movement-tracking software maps 111 points on the user’s body while they do the physio programme, helping guide them through the exercises.
DocHQ transforms employee wellness with remote physio services, providing benefits for employers and insurers.
Pressat, November 30, 2023.
Voya Financial has launched its new employee homepage dashboard, the latest addition to the company’s platform of employee wellness solutions. The new experience, which will be available to Voya’s Health Solutions and Wealth Solutions individual customers, provides access to all of a user’s Voya workplace retirement plans and health savings accounts. The new employee dashboard allows individuals to view their full financial picture in one place, while providing tools and resources to help them achieve their goals.
Voya Financial Announces Launch of New Employee Homepage Dashboard.
The MassMutual Health and Wellness Program employs a test- and- learn approach, with potential for future offerings to be launched and others to be concluded, depending on policy owner interest and learnings. One of the initiatives was a research collaboration with Genomics plc. Eligible policyowners were offered a genetic risk assessment service that provided information about their likelihood of developing three common diseases, including diabetes, heart disease. and certain cancers.
MassMutual Launches Innovative Wellness Offerings That Help Policyowners Better Understand and Protect Their Health.
Bank of India has launched the Nari Shakti Savings Account, a savings bank product aimed at women aged 18 and above with an independent source of income. The account offers personal accident insurance, discounted health insurance and free credit cards. For each new Nari Shakti account opened, the bank contributes Rs. 10 to a dedicated CSR fund used for the socio-economic development of underprivileged women and girls.
Bank of India Launched Nari Shakti Savings Account with Unique Features, Benefits & Exciting Offers.
Business Outlook India, December 10, 2023.
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