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A Shield from the Storm: 3 steps to help insurance companies weather the coming labor crunch

By Arthur Ozeki, Executive Vice President, Head of Asia Pacific, Reinsurance Group of America, Incorporated (RGA)

A three-step plan could help insurance companies fend off the labor shortage bearing down on the industry. 

I was able to share those three steps and some examples of how they are playing out right now at RGA during a recent online event sponsored by the International Insurance Society (IIS).

Five Tips to Combat the Insurance Industry’s Talent Shortage

 

Presented by RGA

Embracing technology, reimagining operating models, and developing a comprehensive talent strategy aligned with business strategy can help bridge today’s talent gap.

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Quantifying Quantified Health: Data from Wearables Reveal Lifestyle Factors that Affect Healthcare Utilization

Presented by RGA

An RGA analysis of medical expenses indicates that lifestyle data from wearable devices can indeed help health insurers better assess risk, improve underwriting, and develop propositions that incentivize healthy lifestyles.

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Feel the Burn

Presented by RGA

Post-pandemic, more workers worldwide report suffering from burnout, and it is likely the numbers will continue to rise; employers and insurers alike must look for new ways to support those on long-term sick leave in their efforts to return to work.

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Accelerated Underwriting: Maximizing Its Future

Presented by RGA

Alternative data sources and supporting technologies are propelling advances in accelerated underwriting, empowering insurers to speed processes and improve the customer experience.

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Artificial Intelligence and Insurance Fraud: Four Dangers and Four Opportunities

Presented by RGA

Insurers can take steps now to monitor the latest AI-assisted hoaxes and harness the power of AI to uncover potential fraud throughout the insurance pipeline.

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RGA Leaders Of Tomorrow 2023 Award Winners Announced: Recipients Spotlight Leadership, Sustainable Investment and the Protection Gap

New York, New York – October 4, 2023: The International Insurance Society (IIS) has named Felicia Er of MSIG Asia the RGA Leaders of Tomorrow 2023 award winner for her original research Empathetic Leadership. The paper is an in-depth exploration of the path to gender diversity in the corporate landscape.

Bridging the retirement income protection gap - Tomorrow’s challenge but today’s opportunity

by David Lipovics, Vice President, U.S. Pension Risk Solutions, RGA
 

1.  A protection gap less-talked-about

Few could dispute that many of the world’s largest economies have aging populations. With public and empoyer-sponsored pension systems gradually decreasing in scope and significance, the elderly increasingly must shoulder the burden of saving adequately for their retirement years. It is a challenge many underestimate and do not adequately prepare for.

RGA Leaders of Tomorrow to Take Center Stage at the Global Insurance Forum 2023

New York, New York – July 11, 2023: The 59th Global Insurance Forum presented by the International Insurance Society (IIS) and the Pacific Insurance Conference (PIC) will bring together insurance leaders from across the world at the Hilton Singapore Orchard on Nov. 5-7, 2023.

Wearables Data – Beyond Customer Engagement


The growing popularity of wearables presents insurers with an unparalleled opportunity to better assess risk – yet many carriers are not fully realizing the value of data from these devices. RGA's Tonya Blackmore explores the power of wearable data. This article is adapted from an original paper that won recognition at the RGA Leaders of Tomorrow program as part of the 2022 Global Insurance Forum.