Professionals involved in the development, operations, marketing, distribution, regulation, technology, or administration of individual life insurance products.
COVID-19 has been a wake-up call that could transform the life insurance industry. It has changed the consumer’s perception of life insurance.
For life insurers, a pandemic is the ultimate test. We have shown that we are here for these times. We should be able to capitalize on the renewed interest resulting from the pandemic and keep the momentum going. There are some important changes we need to make to remain relevant in future.
Insurers will need to offer easy access and the seamless digital experiences that customers now demand. This, in turn, represents a challenge for medical underwriting, which remains a key barrier to simpler, smoother sales. It’s the single biggest pain point in the life insurance consumer journey. Can data and predictive modeling help break the log jam?
Wellness is another area that allows insurers to personalize the customer experience. People are prepared to share data, but they want something back. If they think they’re living a healthier life than the general population, they want to share that data and to get a discount on their life insurance premium as a result. Consumers want to feel they’re dealing with a life insurance company that knows them.
The pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our industry. This year’s conference will address how you can take advantage of these opportunities. Don’t miss this premier event for life insurance professionals.
Sessions at the 2022 Life Insurance Conference could fulfill up to 13.20 units toward the SOA Continuing Professional Development (CPD) requirement. You may use the Actuarial CPD Tracker to add credit to your account for the sessions you attend at the conference.