Rising Medical In ation in Asia Paci - Chubb · 2020-05-22 · 1/2/4 - Willis Towers Watson, 2020...
Transcript of Rising Medical In ation in Asia Paci - Chubb · 2020-05-22 · 1/2/4 - Willis Towers Watson, 2020...
Rising Medical In!ation in Asia Paci"c35% of insurers expect medical cost will continue to rise in the next 3 years. Cancer, cardiovascular and musculoskeletal illnesses will remain the top three medical conditions over the next 5 years.1
4 Factors Driving up the Costs
Overuse of care by medical practitioners recommending too many services.2
1Sedentary lifestyle contributingto chronic diseases.3 2Increasing investment in new medical technology to treat non-communicable diseases.4
Mental health emerging as one of the top three causes for claims.5
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of respondents in a global report listed employee health and well-being as the Number 3 global bene!ts strategy objective.6
52%Top Concern of Employers
Leading Risk Factors in APACLeading Medical Conditions in APAC 7
High BloodPressure
PhysicalInactivity
ENT/Lung Disorder/
Respiratory
Musculoskeletal/Back
Cancer/Tumor Growth
Cardiovascular Gastrointestinal
1
Obesity
3
AgeingBadNutrition
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© 2020 Chubb. The contents of this infographic are for illustrative purposes only and not intended to be an o"er or solicitation of insurance products. Please review the full terms, conditions and exclusions of our policies to consider whether they are right for you. Coverage may be underwritten by one or more Chubb companies or our network partners.# Not all coverages and services are available in all countries and territories.# Chubb® and its respective logos, and Chubb. Insured.SM are protected trademarks of Chubb.# Published 04/2020.
NOTES1/2/4 - Willis Towers Watson, 2020 Global Medical Trends Survey Report. 3/5 - Mercer Marsh Bene!ts Medical Trends Survey 2019.6 - Global Employee Bene!ts Watch Report 2018/2019 by Thomson Online Bene!ts. 7 - Aon Global Medical Trends Report 2020.
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12.6%Malaysia
4%South Korea
9.2%Thailand
9.8%China
11%Indonesia
9.3%Singapore
6%New Zealand
12.1%Vietnam
8.3%Hong Kong SAR
3.2%Australia
6.3%Taiwan
8.2%Philippines
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Medical In!ation Rates
in 20186.8%
in 20207.1%