In the U.S., nearly half of households are underinsured, lacking the coverage they need to protect against financial hardship in the event of a death. With stagnant life insurance sales, the coverage gap is approximately USD 12 trillion. Closing that gap, and growing the life insurance market, will require innovative product strategies, technology-enabled solutions and an enhanced customer experience, from the first-point of contact straight through to post-policy issue engagement.
As a leading global reinsurer, we understand the complex challenges that life insurers face today, and the growing sales potential of the underinsured market. Our experience developing hr | ReFlex, Hannover Re’s automated and digital underwriting solution, gives us insight into the technical requirements that companies must consider when entering the accelerated underwriting market. As a result of our international expertise and our network of innovative partners, Partnership Solutions can bridge the gap between insurers and insurtech to support product, web, mobile and digital strategies that meet the demands of today’s consumers.
News about Partnership Solutions
2018-10-01 | Hannover Re US and Life By Spot develop a new market category in life insurance
Hannover Life Reassurance Company of America “Hannover Re US”, a member of Hannover Re Group, and Life By Spot, a direct-to-consumer life start-up, join forces to create an entirely new way for adventure-loving consumers to insure their lives during the moments they need it the most.
2016-12-01 | Hannover Re US forms strategic partnership with Sureify Labs, Inc.
Hannover Life Reassurance Company of America “Hannover Re US” announces a global strategic partnership and investment with Sureify Labs, Inc. “Sureify”, an emerging insurtech organization that strives to bridge the digital gap between insurers and their customers.
2016-11 | hr | ReFlex named as a leading insurtech solution
hr | ReFlex is recognized as a TOP-10 insurtech trend by The Fintech Times. Hannover Re's automated underwriting solution, hr | ReFlex, is a market-leading innovation designed to support agile underwriting, improved risk selection and a better consumer experience.
2016-10-25 | Hannover Re US and Ladder join forces, using innovative technology to close the $16T life insurance gap
Hannover Life Reassurance Company of America (“Hannover Re US”), a member of the third largest reinsurance group in the world, and Ladder, the smart, modern way to insure your life, today announced a joint partnership that will couple Ladder’s technology-driven, smart life insurance offering with Hannover Re’s risk management and automated underwriting solutions.
2016-09-28 | Hannover Re US announces new Partnership Solutions team
Hannover Life Reassurance Company of America “Hannover Re US” announces a new team to continue focused efforts that support carriers’ web, mobile and digital strategies to meet the demands of today’s consumers and reach new markets.