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Asia e-alert

Rising medical costs in Asia: Challenges and strategies for insurers

19 December 2024

In recent years, the rise in medical costs has become a critical issue across Asia. To understand the impact of medical inflation on insurance companies, we have conducted a survey amongst life and health insurers across seven Asian regions, representing 59 companies. In this Asia e-Alert, we discuss: 

  • The definition of medical inflation
  • Current and future outlook on medical inflation
  • How often did insurers reprice their medical and health (M&H) business?
  • Future repricing expectations
  • Frequent repricing to address increasing claim costs
  • Key drivers to increasing claim costs
  • Valuation of M&H business

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