With progressively ageing societies and a gradual withdrawal of state support in most developed economies around the world, older people face increasing challenges in providing for their retirement and care needs in later life.
This fast changing economic and demographic environment is creating a growing demand for products designed specifically for those aged 60+. At the same time, it is becoming increasingly clear that traditional product structures do not always serve this older demographic well.
At Hannover Re we recognise the importance of this market and the diversity of requirements and potential product solutions it encompasses. We are strongly committed to working with our clients to design new and innovative propositions which better position them to meet the needs of 60+ individuals, extend their portfolios, and contribute to a more resilient society for the future.
Our clients benefit from the leading role we have secured through pioneering new approaches in areas such as enhanced annuities, immediate annuities, and longevity risk.
Through our extensive involvement in this type of business, we have developed a deep insight into mortality and morbidity experience among older lives. This provides us with a sound knowledge base from which to work with clients on developing the next generation of 60+ products.
Our partners also benefit, of course, from our global expertise in product design and development, actuarial pricing, medical underwriting, distribution and marketing – and from our flexibility and openness to exploring new ideas.
All of this makes Hannover Re a powerful partner for any company seeking to design products in the 60+ market segment.