Rising Medical Inflation in Asia Pacific

It is estimated that by 2020, the global middle class will reach 3.2 billion and swell to 4.9 billion in 2030, by which time Asia will represent a 66% of the global middle-class population.

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 medical inflation has been running at 7% the last 2 years and is expected to exceed 9% this year. You can’t afford to ignore it.

5 in 10 insurers anticipate higher or significantly higher medical cost over the next 3 years. 4 factors driving up the medical costs and top concern of employer Leading medical conditions and risk factors in Asia Pacific

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Rising Medical Inflation in Asia Pacific

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Global Client Executive