Wellness Providers - How Life and Health Insurers are Looking to Redefine Themselves | Aarkstore

Wellness Providers - How Life and Health Insurers are Looking to Redefine Themselves Finance and Banking » Insurance » Published Date

May 2018

No. of Pages

23

Country

Global

Category

Insurance

Single User License

USD 3800

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SUMMARY Wellness Providers - How Life and Health Insurers are Looking to Redefine Themselves analyzes the evolution of wellness programs in workplaces, and how this impacts health and life insurers.

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SYNOPSIS The report analyzes the opportunities for insurers in line with growing significance for having a health-conscious workplace environment to boost employee productivity.

It provides - An overview of wellness programs and associated best practices - Regulations governing wellness programs - Summary profiles of different wellness providers - Analysis of the impact of wellness programs on insurers.

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KEY HIGHLIGHTS • Wellness programs were initially introduced as employee incentives by large corporations, to improve the health of employees and their families and encourage a fitness culture to reduce healthcare costs both for employees and employers.

• According to statistics from Corporate Wellness magazine, every US$1 invested in an employee wellness program results in around US$4 of savings through reduced sick leave, higher productivity and lower overall health costs.

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• Data received from individual wellness reports or programs helps insurers to devise bespoke policies and charge premiums based on health data for groups of people.

• Laws surrounding incentives for insurance premiums as a part of wellness programs require careful evaluation before implementation.

• The Global Wellness Institute expects the value of wellness programs to reach US$40 billion globally by 2021, despite the fact that around 9% of the global workforce has access to these programs at the workplace.

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BROWSE FULL MARKET REPORT Wellness Providers - How Life and Health Insurers are Looking to Redefine Themselves

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Web – www.aarkstore.com | Phone - +91 9987295242 | Mail Us – contact@aarkstore.com

Web – www.aarkstore.com

Phone - +91 9987295242 Mail Us – contact@aarkstore.com