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Rising Medical Inflation in Asia Pacific

It is estimated that by 2030, the middle class in Asia will reach 3.5 billion.[1] The growth in urbanisation and middle class affluence has been characterised by the adoption of sedentary lifestyles which in turn has created an epidemic of chronic diseases including cardiovascular, cerebrovascular, diabetes and cancer-related illnesses. Across Asia Pacific, medical costs have been increasing and is expected to exceed 8% this year.[2] You can’t afford to ignore the need to manage medical costs.

[1] World Economic Forum - This chart shows the rise of the Asian Middle Class (,and%20689%20million%20in%202030.)

[2] Willis Towers Watson’s 2021 Global Medical Trends Survey Report.

The contents of this infographic are for illustrative purposes only and not intended to be an offer or solicitation of insurance products. You should read the policy documents to determine whether any of the insurance products discussed are right for you or your business, noting different limits, exclusions, terms and conditions apply in each country or territory, and not all cover is available in all countries or territories. This document should not be relied on for legal advice or policy coverage and cannot be viewed as a substitute to obtaining proper legal or other professional advice, or for reading the policy documents.

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Rising Medical Costs in Asia Pacific

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