Aging and Longevity: Implications for Life Insurers

Event: International Insurance Seminar: In Pursuit of a More Resilient and Inclusive Insurance Sector

Aging and Longevity: Implications for Life Insurers

22 October 2013

Author / Speaker:

Makoto Okubo, Nippon Life Insurance Company - Email the author | Other materials by the author

Demographic transitions change people's insurance needs. In Japan, fertility rates have dropped while people live longer. Baby boomers are now over 50 years old and their children have become independent. These shifts have influenced life insurance needs from death protection to medical and post-retirement coverage. Public-private collaborations, through platforms such as the Asia Pacific Financial Forum, can help develop financial systems that can enable insurers and pension funds to effectively provide long-term funding and serve the needs of an aging society.

Geographical Focus:

Japan

Type of Content:

Learning Event

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