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.

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

Region

  • South Africa

Hannover Re’s contribution

  • Status-defining scorecard
  • Design, pricing & claims assessment
  • Automated underwriting via hr | QUIRC
  • Upfront investment & new business financing

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Charitable insurance (2017)

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

Region

  • China

Hannover Re’s contribution

  • Attractive and easy-to-understand products
  • Simple implementation
  • Connection to latest insurtech

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Digital distribution platform (2018)

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

Region

  • 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

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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

Region

  • 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

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Ladder & Hannover Re: A cooperation to serve today’s consumers (2017)

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

Region

  • Australia

Hannover Re’s contribution

  • Expert consultation
  • Implementation support
  • Preferential access to service and equipment
  • Interlinking of the software and insurance solutions

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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

Region

  • USA

Hannover Re’s contribution

  • Healthcare system expertise
  • Risk management know-how
  • Consultative services
  • Tailor-made solutions

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Risk protection for U.S. healthcare providers (2018)

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

Region

  • USA

Hannover Re’s contribution

  • Investment
  • Automated underwriting via hr | ReFlex
  • Connecting Sureify with insurers
  • Reinsurance risk transfer

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