24th Sep 2025, By Tanvi Doshi
Artificial intelligence (AI) is not just another tech trend; it is a profound force that is setting the stage for a revolution in human longevity. This shift is fundamentally changing human health, lifespans, and, as a result, the very foundation of the insurance business. It marks an era of both remarkable opportunity and complex new challenges, especially for life and health insurance.
AI's impact on healthcare is moving beyond academic papers and into the clinic. This technology is becoming a central partner in modern medicine through effective diagnostics, personalised treatments, and accelerated development of new drugs.
As AI-driven healthcare extends human lives, the insurance industry's traditional business models are being put to the test. Insurers must adapt to a new risk landscape.
The GCC is at a unique crossroads, with ambitious national health goals and a fast-growing tech sector. While it boasts world-class medical facilities, the region also faces high rates of diseases like obesity, diabetes and cardiovascular diseases. AI-driven solutions are a key part of the answer.
Governments in the GCC, such as Saudi Arabia with its Vision 2030, have set clear targets to extend life expectancy from 74 to 80 years. This creates a direct and immense market for innovative life, health, and retirement products that align with these national objectives. Given the relatively low life insurance penetration in many GCC countries, there is a significant growth potential for insurers who are first to market with these longevity-focused solutions.
To capitalise on this, insurers in the GCC should prioritise a few key strategies:
AI is more than just a technological advancement. It is a force that is redefining how long and how well we live. For insurers and actuaries willing to embrace innovation and adapt their business models, this longevity revolution offers an unprecedented opportunity to not only manage emerging risks but also to unlock a new era of growth.
At Lux Actuaries, we help insurers in the GCC and beyond navigate these evolving challenges through forward-looking actuarial insights and strategies. To discuss how your organisation can prepare for the longevity revolution, please get in touch with our team.
Abu Dhabi
ernest.louw@luxactuaries.comSaudi Arabia
shivash@luxactuaries.comGreece
vasilis@luxactuaries.comEast Africa
joseph.birundu@luxactuaries.comNorth Africa - Egypt
ahmed.nagy@luxactuaries.comNorth Africa - Francophone
mohammed.moussaif@luxactuaries.comSouthern Africa
siobhain.omahony@luxactuaries.comWest Africa
andrew.slater@luxactuaries.comSubscribe to our newsletter
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