RGA and Sompo team up to bolster eldercare solutions


Reinsurance Group of America (RGA)a global life and health reinsurer, has partnered with Sompo Holdings to provide an eldercare health insurance offering.

Sompo is a property & casualty insurance company with a leading nursing care business in Japan.

The partnership will see Sompo and RGA leverage their experience in eldercare, aging-related insights, and robust data assets from legacy businesses to create products and solutions designed to improve health outcomes and financial security.

Further, RGA said the partnership will engage in data studies to build upon their expertise and tailor products to best support their customers’ needs.

RGA and Sompo said their aim is to introduce products and services to help customers and their families strengthen their health and financial wellbeing.

Improving the quality and availability of eldercare solutions will help further the Japanese carrier’s pursuit to solve social problems through its businesses by investing in digital technologies that help improve the population’s quality of life.

Peachy, a health InsurTech startup looking to relieve the strain on the National Health Service (NHS), recently raised £1.5m.

According to a report from UK Tech News, the funding came from a list of angel investors from the world of private healthcare and insurance, including former executives at Bupa and the Chartered Institute of Insurance.

Founded in 2021, Peachy’s all-in-one platform gives customers access to private health coverage, find local specialists and have digital access to GPs via phone and video chat.

In recent years, consumer behaviour and trends have shifted dramatically. What’s more, these changes look likely to persist. These shifts have heavily impacted the health and life insurance market in particular, and insurers are looking to keep their finger on the pulse of their consumer’s needs.

FinTech Global recently spoke to experts in the industry to explore the challenges and trends in the life and health insurance industry.

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