Never Say Die – Hong Kong breakfast seminar a hit with our clients

On 22 April, Swiss Re hosted a Breakfast Briefing on the challenges and opportunities on providing healthcare solutions for an ageing population. The event, Never Say Die - Funding Healthcare in the Golden Years, was held at Hong Kong’s Island Shangri-La hotel, featuring two Swiss Re experts sharing their latest insights into the health insurance markets. It attracted a full-house attendance from not just L&H but also P&C clients.

The seminar kick-started with Jean-Michel Chatagny, Client Executive Globals made a welcome remark and greeted the clients. John Mok, Senior Client Manager acted as facilitator and introduced the two speakers.

Clarence Wong, Chief Economist Asia, spoke about Swiss Re’s Health Protection Gap, a health protection study featuring multiple markets across Asia. In his presentation, Clarence set out the trends behind rising global healthcare expenditure, including ageing population, urbanisation, the growing middle class, rising medical costs and an increasing government health expenditure burden. As a result, total healthcare costs in Asia Pacific are projected to increase to USD 2.7 trillion by 2020, leaving a gap of USD 197 billion in health protection, with government funding insufficient to cover these rising healthcare costs.

Marianne Gilchrist
, Head of Health Solutions Asia, then shared the findings of Swiss Re’s Spotlight on Consumer Health survey. The research, conducted in five key Asian markets – China, Hong Kong, South Korea, Singapore and Japan – looked at financial attitudes towards retirement protection and preparedness among both pre-retirees and retirees in each country. While high levels of insurance awareness and ownership already exist, the survey found, there is demand for more, providing the industry with an opportunity to step in and help close society’s funding gaps.

The event was a great success.  Well attended by over 40 senior clients, with feedback showing that 100% respondents found Swiss Re as a strong thought leader on the topics and that the event was well organized.

To learn more about Asia Health insurance, please visit:

Published May 2013

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