As the prevalence of mental health conditions continues to rise, insurers are becoming more focused on making sure they have sufficient information on the conditions they are being required to cover. Globally, the World Health Organisation (WHO) predicts depression to become the leading cause of mortality by the year 2030, overtaking heart disease.
In 2023, there is much more data and analysis coming through on the effects of the Covid pandemic, economic insecurity and the latest information in health risks.
Covid-19, and the devastating effects of the 2019–20 bushfires, have been some of the factors investigated by the Productivity Commission's Mental Health Inquiry for the sustainable reform of Australia's mental health system. This has accelerated interest and development in digital health and coordination between governments and the private sector, including travel insurance companies.
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