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 View File 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. Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Download Topics Finance Health