World Life Insurance Report 2023
Aging well: how trust and engagement can unlock growth for insurers
Individuals aged 50+ will represent 33% of the world's population by 2050, and this demographic shift provides life insurers with a significant opportunity for business growth.
The findings of the World Life Insurance Report 2023, which reflect the views of more than 200 insurance executives and 6,775 consumers, reveal that action is needed now to take advantage of this opportunity:
- Upgrade technology and data management capabilities to enhance offerings and provide better customer experiences.
- Connect with ecosystem partners to develop comprehensive life solutions to better meet the needs and expectations of the growing population.
- Enhance engagement with customers and their beneficiaries to strengthen trust, increase insurance relevance and protect assets now and in the future.
