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For millenials insurance is a luxury more than necessity. The generation that is also known as super savers believe less in the concept of imndemnity towards health expenses. There isn't just one reason why but a number of factors that make it difficult for an insurance agency, private or commercial, to engage and win the trust of millenials. The age old conventional method of outreach by insurance consultants are no longer a good enough strategy to capture the target market. millenials now require out of the box, innovative approach adopted by insurance companies to fully engage in insurance plans and follow up with it.
I don`t know if the Millenials are understanding what means a `insurance`and what it is good for ... so they don`t need it !!! they are young ... they don`t need this `paper` :)
i think the insurance is still is hidinig something behaind it and it is not fully ready but at least it need more advirtising and give more knowlegment to insurer pepole
I agree with this exepresion specialy in Saudi Arabia
The government now cover all the citizens and foreigners
under the protection of Heaith Insurance Council
I think it's ready for millennials. Problem is that millennials don't really have that many things to insure
I think so , insurers and reinsurers are ready to cope with the new risks that introduced by the new technology by creating and developing Cyber Risk Insurance Policy to cover these new perils which are not heared two decades ago.
Thanking you
