Profile on Japan - Japan Life Market: Rise of the Silver Dollar
Source: Asia Insurance Review | Dec 2006
Famed for the longevity
of its people, Japan has more than 23,000 centenarians. While this is something
to celebrate, it has also raised concerns in the country with longevity itself
becoming what one insurer termed “a fear factor”. As medical costs
escalate and the public healthcare system’s financial situation deteriorates,
Japan is urging its private sector to step in and provide medical insurance,
nursing care and other appropriate products that can supplement the public healthcare
system. Asia Insurance Review speaks with the Life Association and some
life insurers about the challenges they face and finds out what they are doing
to support “a prosperous and cheerful longevity society”.
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