Digital disruption, shifting demographics and evolving buyer preferences, among other issues, have created a challenging operating environment for life insurers. Today, more than ever, product and distribution innovation are crucial factors for insurers to stay ahead of their competition and to meet consumer needs.
With our undogmatic approach and our appetite to innovate, we are the first-choice partner for insurers looking for solutions off the beaten path. Together, we can transform today’s challenges into tangible opportunities – anywhere in the world as illustrated by the exemplary business cases provided on this site.
BIMA & Hannover Re
Closing the protection gap
The insurance penetration in emerging markets is low, often due to expensive and complex insurance products. We partner with health tech companies, like BIMA, to help life insurers to close this protection gap and to enable them to offer through mobile technology affordable and easy-to-use insurance and health products for underserved consumers.
Concept
- Affordable and easy-to-use insurance and health products for underserved consumers via mobile technology
- Premiums can be divided into micro-instalments deducted from the customer’s airtime credit
- Simple registration via SMS or call
Target group
- Insurers in emerging markets
Origin
- Sweden
Hannover Re’s contribution
- Global standardised reinsurance contracts
- Risk transfer to close the protection gap and to facilitate BIMA’s international expansion
- Access to global network for obtaining local pricing and regulatory compliance knowledge
Flyer

Hannover Re & BIMA (2020)
Parents protection plan
Lifelong income protection for parents
In some cultures parents are financially dependent on their children - especially in older ages. Those parents are exposed to financial shortfalls should they outlive their children. Products providing an affordable coverage for parents in such a life situation can mitigate this shortfall. Hannover Re’s parents protection plan allows insurers to provide an easy-to-understand and affordable longevity cover that pays an income to parents if they outlive their children.
Concept
- Lifelong income protection for parents
- Paid as an annuity as long as at least one parent is alive
- Combinable with an indexation option
Target group
- Customers with the cultural obligation to support their parents financially in older ages
Origin
- Asia
Hannover Re’s contribution
- Longevity assessment & reinsurance
- Expertise for product administration
- Innovative product design
- Simplified underwriting & claims handling
Flyer

Parents protection plan (2019)
dacadoo & Hannover Re: Automated underwriting system combined with health engagement platform
A cutting-edge digital experience from application through to health engagement
Real-time health data opens up opportunities for risk assessment, product design and pricing. To unlock the full potential, data has to be understood, analysed and translated into actionable business information. Together, Hannover Re and dacadoo offer life and health insurers a comprehensive technical solution that enables customer engagement and pay-as-you-live insurance products with variable premiums based on individual health data.
Cooperation partner
- dacadoo: insurtech company
Concept
- Combination of hr | ReFlex with dacadoo’s health engagement platform
- Seamless user experience
- Real-time health information
- Products with flexible premiums based on consumers’ current health status
Target group
-
Health-conscious consumers with attractive risk profiles
Origin
- Switzerland
Hannover Re’s contribution
- Automated underwriting via hr | ReFlex
- Lifestyle product know-how
- Expertise in the analysis of lifestyle data
- Bringing the joint solution to insurers
- Reinsurance capacity
Flyer

dacadoo & Hannover Re (2019)
Vector-borne diseases product
Coverage against significant financial burden
Vector-borne diseases are one of the prevalent infections in India. We support a product which is designed to provide financial protection in case of vector-borne disease. This underpins Hannover Re's commitment to support solutions and services for underserved consumers.
Concept
- Cover for vector-borne diseases
- Fixed benefit in case of hospitalisation
- Distribution through L&H/P&C channels
- Offered as individual & group cover
Target group
- Underserved consumers
Origin
- India
Hannover Re’s contribution
- Simple product design
- No medical underwriting
- Support for pricing, wording & claim assessment
- Expertise for highly cyclical risk assessment
Flyer

Vector-borne diseases product (2019)
Retirement solution tool kit
Individual protection in old age
Life expectancy is rising and social security systems alone cannot guarantee the individual need for security in old age. Hannover Re supports insurance companies in developing tailor-made retirement solutions adapted to diverse markets with their experience in mortality assumptions and medical underwriting.
Concept
- Flexible retirement product at fair price
- Considering individual need for security in old age
- Offering a range of products that can be combined
Target group
- Insurers worldwide with a need for old age solutions
Origin
- UK
Hannover Re’s contribution
- Expertise regarding mortality assumptions and medical underwriting
- Access to large database of impaired lives
- Automated underwriting system
- Assistance with underwriting process
Flyer

Retirement solution tool kit (2018)
Qinematic® & Hannover Re: Posture Scan software
3-D motion lab
Around one third of the population has a movement-related disorder. With the Qinematic® Posture Scan software Hannover Re helps insurers looking for innovative solutions to reduce long-term disability and to improve their decision-making capabilities at the underwriting or claim stage thanks to reliable digital 3-D measurements.
Concept
- Early detection of movement dysfunction
- 3-D video of a person’s movement
- Animated feedback for awareness
- Prevention & rehabilitation of disability
Target group
- Life & Health insurers
Origin
- Australia
Hannover Re’s contribution
- Expert consultation
- Implementation support
- Preferential access to service and equipment
- Interlinking of the software and insurance solutions
Flyer

Qinematic® Posture Scan software (2018)
Risk protection for U.S. healthcare providers
Delivering high-quality patient care with financial peace of mind
Under emerging risk-bearing arrangements in the U.S., healthcare providers become financially responsible for the care they deliver and have to cover any costs that surpass a stated benchmark – a severe financial risk. As risk management experts we offer solutions that are designed to mitigate financial risk and enable more predictable cash flows, profits and earnings.
Concept
- Aggregate excess of loss protection
- Limited exposure to financial loss
- More predictable cash flows, profits and earnings
Target group
-
Healthcare providers
Origin
- USA
Hannover Re’s contribution
- Healthcare system expertise
- Risk management know-how
- Consultative services
- Tailor-made solutions
Flyer

Risk protection for U.S. healthcare providers (2018)
Digital distribution platform
New approaches to selling life insurance
Buying insurances needs to be easy, flexible and online. Ideally, interests of agents and customers are served at the same time. With the digital distribution platform Hannover Re helps insurers in China to connect to latest insurtech solutions and to design easy-to-understand products that meet the needs of digitally savvy consumers.
Concept
- Large pool of insurance products
- Anyone can become an agent
- Personalised agent profile & product-mix
- Q&A portal with easy & quick interaction
Target group
- Agents and tech-savvy customers
Origin
- China
Hannover Re’s contribution
- Attractive and easy-to-understand products
- Simple implementation
- Connection to latest insurtech
Flyer

Digital distribution platform (2018)
Charitable insurance
Being secure, doing good
Consumers can do good with their policy: Parts of the premium go to charity. This philanthropic approach targets social-minded millennials in South Africa. Hannover Re is eager to support life insurers, who bring fresh concepts to the industry, and helped pave the way for this success story.
Concept
- Fully underwritten – online / call centres
- Social networking and -platforms
- Immediate issuing of policies
- Donations
Target group
- Millennial generation
Origin
- South Africa
Hannover Re’s contribution
- Status-defining scorecard
- Design, pricing & claims assessment
- Automated underwriting via hr | QUIRC
- Upfront investment & new business financing
Flyer

Charitable insurance (2017)
Discovery & Hannover Re: Vitality Active – A shared value insurance model
Vitality Active motivates healthy behaviour of policyholders
Unhealthy behaviour plays a fundamental role in the disease burden faced by society globally. Risk profiles of policyholders can be lowered significantly by incentivising healthy behaviour. Hannover Re and Discovery have entered into a strategic partnership to provide insurers with an affordable, mobile-based, behavioural wellness solution encouraging their policyholders to take steps to improve their health and to increase their levels of exercise.
Concept
- Light version of original Vitality package
- Flexible and cheaper to implement
- Accessible and attractive to insurance companies, irrespective of size
- Coverage at an affordable price
Target group
-
Health-conscious millennials
Origin
- Latin America, selected Asian and European territories
Discovery’s contribution
- Science-based holistic wellness concept
- Smartphone Vitality App
- Continual differential insurance pricing
- Shared value insurance
Hannover Re’s contribution
- Access to international network of clients
- Mutual marketing & selling strategy
- Underwriting, claims, product & pricing expertise
- Reinsurance capacity
Flyer

Discovery & Hannover Re: Vitality Active - A shared value insurance model (2017)
Ladder & Hannover Re: A cooperation to serve today’s consumers
Serving tech-savvy consumers
A first-of-its-kind life insurance product incorporates a technology-driven and consumer-focused buying experience: Combining the smart offering of Ladder, a high-tech distribution company, with our risk management and automated underwriting solutions results in a seamless, transparent life insurance experience for U.S. consumers.
Cooperation partner
-
Ladder: high-tech distribution company
Concept
- Direct-to-consumer
- Technology-driven buying experience
- Seamless, transparent, fast
Target group
-
Underserved tech-savvy consumers
Origin
- USA
Hannover Re’s contribution
- Automated underwriting via hr | ReFlex
- Integration of third-party data sources
- Connection to insurer to write the business
- Reinsurance risk transfer
Flyer

Ladder & Hannover Re: A cooperation to serve today’s consumers (2017)
Sureify & Hannover Re: Enabling insurers to implement a digital engagement process
Getting mobile-ready
We partner with emerging insurtech companies, like Sureify, to support life insurers that want to ensure that they stay relevant in the ongoing digital transformation. Together, Sureify and Hannover Re give insurance carriers around the world the technology they need to target the next generation of insurance buyers, enabling them to enhance their digital sales process, increase sales, and retain more customers by using innovative, integrated online strategies.
Cooperation partner
- Sureify: insurtech company
Concept
- LifeTime platform
- Acquisition, engagement, cross-selling
- Customised user experience
Target group
-
Next-generation insurance buyers
Origin
- USA
Hannover Re’s contribution
- Investment
- Automated underwriting via hr | ReFlex
- Connecting Sureify with insurers
- Reinsurance risk transfer
Flyer

Sureify & Hannover Re: Enabling insurers to implement a digital engagement process (2017)