According to LIMRA, 72% of customers overestimate the cost of a basic term life insurance policy and many don’t understand it and how it would fit their financial plan.  Other products such as dental, vision, accident, and supplemental health are facing the same dilemma due to the economic pressures and common misconceptions about products.   Add to this a growing demographic shift, L&AH Insurers are facing a challenge of bringing the right products to market for customers that they can afford to cut the growing protection gap.  

L&AH insurers’ traditional mindset of “this is how insurance is done” operating model and legacy technology foundation is being challenged by a growing group of companies that recognize the pace of change including customer demographics and risk needs are shifting the marketplace.   These leaders are investing in a new technology foundation that is rich in advanced data/analytics including GenAI, to bring new products underpinned by a new operating model to market that will accelerate their growth and success. 

Join this panel of leading L&AH insurers to see how they have chosen a new path.  A new foundation that till adapt to a future of changing customer demographics, risk, and product expectations.