The 2019-2020 State of Health Insurance Report looks at the major trends and developments shaping the global health insurance industry. It explores regional health insurance trends across five continents and takes a look at the shifting risk landscape, which Pacific Prime asserts has been influenced by two primary factors: economic uncertainty and disruptive technology – both of which have come about as a result of the Covid-19 pandemic.
The report also identifies that the major challenges and trends impacting the state of health insurance in 2020 are rising costs and medical trend rates, a rise in chronic conditions and no claims discounts (NCDs), and a rise in awareness of mental health conditions.
What’s more, it also looks at global health insurance inflation, and cites the most expensive countries for IPMI as the US (no surprise there), Canada, Hong Kong, Singapore and Israel.
Finally, the report delves into the incorporation of health technology in the health insurance sphere, looking at the challenges and opportunities presented by data privacy and management, digitisation in the insurance service model and healthcare innovation and health insurance products.
For more information, download the report here.