The new global risk order: Health and technology issues are reshaping the agenda for brokers and insurers

These shifts sting doubly. First, more and more people are becoming unwell or unable to perform to their full capacity, causing huge financial and personal losses. Second, the cost of treating many illnesses has risen dramatically, which is especially difficult for those who are uninsured or without access to a robust public health system. For life insurers and group plans, this combination has put pressure on loss ratios and pricing, particularly in group risk and income protection portfolios.