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In the past year, 34% of U.S. consumers reported mental health deterioration and 24% reported a decline in physical health. According to a global survey report from Swiss Re, these shifts have resulted in an increased use of digital health care.
People under 40 are the most active group in searching for new or additional life or health insurance coverage. Fifteen percent of respondents acquired new coverage during the pandemic.
Health and wellness apps are also increasing in popularity. This includes apps for healthy eating, weight loss, and improved physical health. The convenience and quick processing potential of these digital platforms is expected to rise in the coming decade.
Overall, the pandemic has given insurers the opportunity to develop affordable insurance products, build consumer trust, and support Americans’ mental and physical well-being. Download the bulletin for more details.
This blog is intended to be a compilation of information and resources pulled from federal, state, and local agencies. This is not intended to be legal advice. For up to the minute information and guidance on COVID-19, please follow the guidelines of the Centers for Disease Control and Prevention (CDC) and your local health organizations.
National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.
