China’s ageing population powers the insurance sector

China’s ageing population powers the insurance sector

Life and health insurers are benefiting from both long-term demographic tailwinds and the AI revolution

The aging world population will transform the insurance industry worldwide by 2050. This is demonstrated by the current "World Property and Casualty Insurance Report" from the Capgemini Research Institute. These changes will have far-reaching consequences for commercial and private property and casualty insurance. The study describes how the proportion of seniors in relation to the employed population is changing. The article "Study: Global Agin…

Property insurers must prepare for aging population

The global population is expected to hit nearly 9.7 billion people by 2050, but beyond that, the nature of the population itself is changing due to aging. This is expected to fuel a rise in the “global dependency ratio,” or the proportion of people ages 65 and older to those of traditional working ages. As a result, the property and casualty insurance industry will need to prepare for these rapidly changing age dynamics. This conclusion comes fr…