Population ageing, shifting disease patterns and rising costs of care are putting traditional healthcare systems under increasing pressure. New Care Models (NCMs) aim to tackle the problem through better coordination of health and care provision, by enhancing services closer to home and outside hospital settings, and encouraging interventions to promote good health. This report explores the current evidence on the effectiveness of NCMs and outlines what insurers need to do to successfully adopt them.

The relevance of life insurance in many mature markets has experienced an unambiguous decline in recent decades. It is a worrying trend for society at large, given its historical contributions to funding for retirement and mitigating biometric risks.

Based on the recent Geneva Association Customer Survey, this report sheds light on the drivers behind declining levels of life insurance penetration, such as ultra-loose monetary policies, behavioural patterns and perceived product shortcomings.

The financial risk of facing the costs associated with future needs for long-term care (LTC) is still largely underinsured. In fact, the cost of LTC can even be catastrophic, resulting in ruin for a number of elderly people and their families. Financing LTC risk is therefore becoming a pressing issue for many countries confronted with an ageing population and growing LTC needs.

An insurance solution to people outliving their retirement savings

Government-supported social retirement plans (Pillar I) are under extreme financial pressure due increased life expectancies and low fertility rates. Individuals are compelled to provide for themselves a suitable retirement through occupational pensions (Pillar II) and personal savings (Pillar III).