Tag: insurance trends

Life insurance benefits that used to be popular among employers are fading away

G. Turner
life insurance benefits employee worker

A recent survey showed that employees are not seeing this type of coverage in their packages as much. While life insurance benefits used to be a standard part of many employer packages for their workers, fewer companies now offer them. This, despite the fact that employees still find the benefit to be an appealing one. The number of people who purchase life policies through group contracts is growing, but employers are stepping back. A new LIMRA survey revealed that there are up to 108 million Americans who currently have life…

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Insurance executive positions lack diversity, but the industry wants change

H. Cutner
insurance executive positions

Sedgwick’s chief people officer pointed out that company leaders are “all white men over 40.” Terri Browne, chief people officer at Sedgwick, a worldwide leading tech-enabled risk and benefits solutions provider said there is a diversity issue among top insurance executive positions. Jobs lower in the hierarchy have a healthy diversity but higher up in most organizations has nearly none. In the lower ranks, diversity exists and teams are thriving within it. However, the higher insurance executive positions are “all white men over 40,” said Browne. “I would say, when…

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Life insurance premiums may soon be selfie-based

Julie Campbell
selfie life insurance premiums

Facial recognition technology could be used to better understand a person’s overall wellness. Selfies have become exceptionally commonplace, but these self-portraits may soon have an impact on life insurance premiums. In fact, as facial recognition and analysis technology continues to improve, it may one day determine whether or not someone even qualifies for a policy. The reason is that selfies provide a great deal of information about a person’s health and aging. The various details picked up by a selfie, such as drooping skin, fine lines and wrinkles, contours and…

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Travel insurance trends head toward protecting travelers from terrorism losses

H. Cutner
travel insurance trends - phone security check

Interest in these coverage products has been on the rise due to a growing number of global events. Leading travel insurance trends aren’t just focused on hurricanes and illness anymore. A considerable number of traveler inquiries are now seeking to make certain that they are protected against losses from terrorism, too. This shift in the market has been greatly driven by the rise in terrorist attacks happening in popular travel destinations. Travelers feeling a growing concern about the way terrorism could affect their plans and are requesting information and are…

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Health insurance policies aren’t stopping people from using the ER

Logan B.
emergency health insurance policies medical technology

Among the predicted benefits of the Affordable Care Act was that people would stop using this last resort care. When the Affordable Care Act went into effect, one of the advantages was supposed to be that health insurance policies would reduce the use of hospital emergency rooms. That said, despite the fact that many millions of people are now covered, they’re still headed to the ER. This is problematic as emergency room medical care is among the most expensive types of health care. The belief was that because people would…

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