World Life Insurance Report 2023

Individuals aged 50+ will represent 33% of the world’s population by 2050, and this demographic shift presents life insurers with a significant opportunity for business growth.

Findings from the World Life Insurance Report 2023, which reflects the views of over 200 insurance executives and 6,775 consumers, reveals that capturing this opportunity requires action beginning now:

• Elevate technology and data management capabilities to augment offerings and deliver superior customer experience.
• Engage with ecosystem partners to develop comprehensive life solutions to better meet the needs and expectations of the aging population.
• Increase engagement with customers and their beneficiaries to fortify trust, increase insurance relevancy, and protect assets now and in the future.