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Asia Senior Markets

More opportunities than challenges?
Asia cyclists

Asia’s rapidly expanding senior markets present a broad range of potential opportunities and challenges. Death benefits are no longer the main need; today’s necessities include protecting retirement income and assets to ensure that both living costs and the widening scope of health care costs and needs (especially nursing care) are covered. Mr. Ray Jeon, Mr. Andy Hui and Mr. Isaac Lin from RGA Reinsurance Company explore these topics.


Reprinted with permission of The Asia Insurance Review (AIR) www.asiainsurancereview.com.
 



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The Authors

  • Andy Hui
    FIAA
    Head of Singapore Market 
    RGA Singapore
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  • Ray Jeon
    Head of Business Development
    RGA Korea
  • Isaac Lin
    Actuarial Associate
    Pricing

    RGA Taiwan

Summary

Elders age 65 and above are fast becoming a dominant population in Asia, leading to rising incidence of hypertension, obesity, stroke and Type 2 diabetes.
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  • protection gap
  • dementia
  • old-age mortality
  • older age mortality
  • senior market
  • aging Asia
  • HNW
  • high net worth
  • HNWI
  • demographic trends
  • Asia market