Report: U.S. health insurance sectors should lead way on innovation

Life and health insurance executives who responded to a recent survey were less likely than their peers in other insurance sectors to be focused on innovation-led growth or say their organizations are experiencing disruption. Yet in the U.S. health insurance industry in particular, there is plenty of opportunity for innovation, according to a report from professional services company KPMG. The report includes the results of KPMG's survey of 280 insurance executives across 20 countries for the survey, 25 percent of whom were in the life and health sector. "I believe that, given the market forces at play, the U.S. health insurance sector will continue to see rapid innovation and fierce competition between players," Ash Shehata, principal, KPMG in the United States, says in the report. " As such, it should provide a wealth of new ideas, tools and leading practices for others around the world to watch and--possibly--emulate." Report (.pdf)

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