26%

of global employees are Physically Inactive

40%

of individuals’ physical wellbeing has
worsened as a result of the pandemics

42%

of global employees experienced
a decline in their mental health

27%

have Musculoskeletal
Conditions

The Challenges facing Insurers

The pandemic has put health and wellbeing at the forefront of everyone’s minds and the need and demand for medical insurance has never been higher. Whilst this is good news for private medical insurance providers, it can be challenging to manage soaring medical inflation costs and increases in claims utilization. Tighter budgets are also leading some companies to re-evaluate how much they spend on their policies and opt for cheaper alternatives which proves disruptive to members and organizations.

More and more organizations are investing in their medical insurance by providing comprehensive policies with global insurance providers as an enticing employee benefit to attract and retain talent. As a result, organizations are expecting more from their insurance providers than in the past, and this includes wellbeing and preventative care.

Many insurance providers lack the tools, resources, and expertise to provide long-term, tangible, and bespoke wellbeing solutions for their clients. And with significant increases in chronic diseases costing around $45 billion per year globally, there has never been a more critical time to tackle this crisis.

The VIWELL approaches

VIWELL’s team of wellbeing experts has extensive knowledge of the medical insurance landscape in the UAE and understands the demands insurance companies face from organisations. .

Most companies have annual sales, marketing, and profit strategies but few have a strategy focused on supporting their workforce to become healthier, happier, and empowered to achieve their goals. Our aim is to change the current behaviours from a reactive to a proactive model thus lessening the need for medical services by focusing on preventative care and decreasing overall claims spend. This would have a positive impact on a client’s lost ratio year-on-year, leading to smaller increases and premiums creating more loyalty to their insurance provider and higher retention rates.

The Solution

We provide sustainable, robust, data-derived wellbeing strategies that measure the positive effect they are having within the organisation through every touchpoint.

Effective wellbeing solutions are not one-size-fits-all; every company is different. We customize our programs to cater to their unique requirements whether they have 5 employees or 5,000+, taking employee demographic, industry, company infrastructure and agenda into consideration.

We are completely unique in our approach offering wellbeing expertise across six pillars, physical, mental, nutritional, financial, social, and professional. We believe that each one of these interdependent pillars plays a vital role in every human being’s wellness journey.