The history and purposes of private health insurance

July 15, 2019

Australia’s private health insurance industry fears it is in a death spiral, and politicians need to rethink whether or to what extent taxpayers should continue to subsidize the industry. Australians are increasingly dissatisfied with private health insurance, and policy reform is urgent. Premiums are rising much faster than wages or inflation. People are dropping their cover, especially the young and the healthy. Those who are left are more likely to get sick and go to hospital, driving insurance costs up further.

Spotlight

RT Specialty

R-T Specialty, LLC (RT) is an independent wholesale brokerage that provides specialty insurance services, proven leadership, outstanding industry expertise and quality services to agents, brokers and insurance carriers. The RT mission is different from other insurance organizations. We help your clients confront specialized risk through a meaningful collaboration between agents, brokers and insurance carriers. Together we will help you analyze the many ways you can resolve your clients' risks, leading you to inspired solutions.

OTHER WHITEPAPERS
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How to choose your insurance administration system

whitePaper | December 8, 2022

Advanced insurance administration technology promises to help insurers, MGAs and brokers to simplify processes, reduce costs and transform the customer experience. But how can you make sure you’re choosing the right solution and company to partner with? This short guide sets out the 10 essential questions insurance businesses should ask when selecting a new software provider.

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How can data enrich the property claims journey from FNOL to payments?

whitePaper | December 13, 2022

A recent roundtable hosted by Insurance Post in association with LexisNexis Risk Solutions saw an expert panel discuss how data enrichment can be used from a post-loss perspective and what this change could mean for the future of property claims. This article provides a summary of the discussion.

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Data-driven insurance: A path to strategic advantage

whitePaper | June 20, 2023

Data-driven insurance is an enterprise-wide business model that generates a strategic advantage in the insurance ecosystem. Using disruptive artificial intelligence (AI) to analyze data can lead to innovation in operational processes and in the development of new products and services.

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IPT compliance: A guide for insurers

whitePaper | March 7, 2023

Written by Sovos’ team of regulatory specialists, this guide for insurers provides everything you need to know about the IPT regulatory landscape. A mix of deep dive country-by-country information in addition to guidance on IPT and the digital tax landscape, this guide is for any insurer wanting to know more about IPT compliance. Despite its focus on Europe, our guide also explores other jurisdictions in Asia, Australia, North and South America. This guide is your trusted source of information wherever in the world you write business.

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How different views on digital transformation impact customer experience

whitePaper | September 20, 2022

When it comes to major events that impact people, economies and environments, insurance is firmly on the frontline. In the last few years, the industry — traditionally slow to modernise — has been reinventing strategies and working models to meet the demands of the changing global landscape, from the pandemic to economic and political instability. Acceleration of digital transformation has become a priority because it directly impacts current strategic imperatives — customer focus, operational simplification, financial sustainability and innovation. But despite the drive for change, the same challenges that have historically held back insurance providers are yet to be overcome. Legacy systems, data and processes can be difficult and expensive to modernise, and bringing in new technologies to solve these issues can create more problems when they are layered on top of the old.

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Can Insurers Learn How to Develop Strong Digital Customer Relationships?

whitePaper | January 12, 2022

Insurers need to tackle the rapid changes to their ecosystem. They instinctively react in the same way they have always reacted in previous crises — by making marginal adaptations to the traditional way of doing things and further optimizing and streamlining the existing business model.

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Spotlight

RT Specialty

R-T Specialty, LLC (RT) is an independent wholesale brokerage that provides specialty insurance services, proven leadership, outstanding industry expertise and quality services to agents, brokers and insurance carriers. The RT mission is different from other insurance organizations. We help your clients confront specialized risk through a meaningful collaboration between agents, brokers and insurance carriers. Together we will help you analyze the many ways you can resolve your clients' risks, leading you to inspired solutions.

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