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Top people risks impacting employers as they prepare to tackle key health trends for 2023

We surveyed 226 insurers across 56 countries for this years study to identify the five key health trends for 2023 and the top people risks impacting them.

As the pandemic persists, Environment, Social, Governance (ESG) gains traction and businesses face new supply chain and talent threats, it is more critical than ever to manage people risks as part of a broader approach to risk management.

HR, risk managers and the C-suite should work closely together to ensure that threats are identified, evaluated and mitigated appropriately, as people risks impact organizational resilience and sustainability.

It is clearer than ever that business resilience is intrinsically linked to the health and well-being of the workforce and firms need to make changes to the way they operate rather than revert to “business as usual”. With a global economic crisis and the ongoing war for talent, employees expect more from their employers.

Our recent insurer survey surveyed insurers from around the world, including 14 markets in MEA, to identify key health trends organizations should expect in 2023. Learn more about the five top health trends in 2023 and their impact on your organization. Explore the five key trends below.

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Per person medical cost increases are back to pre-pandemic levels​

According to MMB’s People Risk Report 2022, only 50% of organizations in MEA have an effective cost containment strategy in place, and increasing costs of benefits ranked #6 as a top risk for MEA.​

COVID-19 ​continues to ​impact claims experience​

Pandemics and other communicable health conditions ranked #8 as a top risk for businesses in MEA, and 88% consider health and safety risks as a serious threat.​

Plan ​modernization ​has begun

38% of MEA organizations say their employee value proposition needs updating, and most are recognizing the need for a reimagined work experience, including benefits and rewards.​

Mental health ​gaps persist

MMB’s People Risk Survey showed that mental health continues to be a blind spot for many employers, and only 50% across MEA plan to invest in employee mental health in the near future.​

Plan management ​ requires greater rigor​

Governance and financial risks were rated by 81% of MEA organizations as a serious threat to businesses. 2 out of 5 top people risks for MEA were concerned with the way in which benefits plans and costs are managed.​

Health Trends Report 2023

MMB’s Health Trends global survey of 226 insurers across 56 countries identified five key themes driving costs and risks in employee health benefits.

Five key trends impacting people risk

226 insurers across 56 countries participated in this years study, including 14 markets in the Middle East and Africa.

People Risk Report 2022

People risk is what connects the worlds of Risk and HR together. Learn how to turn possibility into action in our People Risk 2022 Middle East and Africa report.