Preparing for a Healthier Future: Insights on Aging and Healthcare in Asia

Understanding the Challenges of Aging Population

Population ageing is one of the biggest challenges facing the world today. That profound demographic shift presents health, social and economic questions, foremost among them how to promote, support and manage healthy ageing. While life expectancy has grown remarkably over the decades, especially in Asia, healthspan lags behind lifespan, said Alger Fung, CEO of AIA Hong Kong and Macau, during a keynote speech at the 30th East Asian Insurance Congress (EAIC) in Hong Kong.

Innovative Initiatives to Bridge the Gap

Fung noted that AIA is at the forefront of developing innovative initiatives to help people close the gap. “We are committed to enhancing the health of our customers, to help them live healthier, longer and better lives,” he said, a benefit to customers, business and society at large. Fung highlighted the challenges and opportunities society faces with an ageing population.

• By 2030, one in every six people globally will be over 60.
• In Asia, this ratio will be one in four by 2050.

These figures represent a fundamental shift impacting consumer patterns and placing greater emphasis on healthcare and retirement.

The Role of Insurance in Promoting Health

By developing innovative responses to support retirement income, long-term care and health insurance, we enhance our service to communities and support them in preparing for the future. The insurance sector takes on substantial risk liabilities, thereby reducing the strain on public welfare systems.

Commitment to Driving Positive Change

For a healthier and better tomorrow, we must remain committed to driving positive change, embracing innovation and fulfilling our social responsibilities, Fung said.