New Care Models: Insurers to move to a business model developing longstanding partnerships with customers as well as players in the health and care ecosystem

23 August 2021 — Marina MAGNAVAL
New Care Models: Insurers to move to a business model developing longstanding partnerships with customers as well as players in the health and care ecosystem
The last report "New Care Models: How insurers can rise to the challenge of older and sicker societies", which is a product of the Health & Ageing work stream of The Geneva Association, co-sponsored by Thomas BUBERL, CEO of AXA, and Michel KHALAF, CEO of MetLife, explores innovations in the planning, purchasing and delivery of health services.

The report addresses how life and health insurers can directly influence how care is provided to reduce the future rise in costs for consumers and payers. Policies and programs have emerged that encourage 'new care models', which seek to better coordinate health and care provision, enhance services closer to home and outside hospital settings and encourage interventions to promote good health.

Despite a greater occurrence of sickness, people are living longer. The World Health Organization projects that by 2050 there will be two billion older persons (people over the age of 60) worldwide, more than double the number in 2015. Older populations are often, of course, afflicted by comorbidities and have multiple care needs. The cost implications of these trends for societies are severe. Thus, according to Jad ARISS, Managing Director, The Geneva Association, we must rethink the nature of care itself, with the sustainability of the health and life insurance industry in mind.

"New Care Models (NCMs), the focus of this report, carry a great deal of promise. We hope this report supports insurers in advancing NCM initiatives and contributing - as they already do in so many ways - to a better, safer and healthier world", Jad Ariss said.

The full report can be found here.



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