Rethinking Group and Voluntary Benefits: Providers Need to Embrace
Nov 16, 2017 — Traditional group and voluntary benefit markets are growing, especially in those areas such as Critical Illness and vision and any benefits that enhance the quality of life.
Lifestyle products, such as pet insurance, health club memberships, legal coverage and identity protection are also on the rise. Carriers, however, may not have fully capitalized on the growth due to the need for innovations that necessitate digital technology advancements.
Insurers need to rethink their strategies to capture new opportunities for growth.
Tara Dilzer Alexander
Director, Marketing Communications and Creative Services