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Can Insurers Help Defeat Dementia? A Case Study from Japan

As the world ages, dementia has become a growing product category for insurers, and nowhere is this more evident than in Japan.

A declining birth rate and rising life expectancy has led to growing dementia incidence, while straining the resources of families, payors and society at large. RGA's Kazunori Hashida explores the forces that have made dementia now the leading cause of long-term care needs in Japan and explains pioneering government efforts to incentivize prevention and risk detection, as well as support caretakers, healthcare and housing. He investigates new product developments, from long-term care, to impaired annuities, to single-premium saving products, as well as benefits designed to detect and manage mild cognitive impairments before they progress. He closes by summarizing pros and cons, including high risk and lower sales, and suggests comprehensive solutions that combine dementia risk reduction and prevention with long-term care risk, inheritance and savings features and other value-added services. 
See also: Unburdening Caregivers: New Benefits, Apps, and Services Emerge to Address an Eldercare Crisis 

At RGA, we are eager to engage with clients to better understand and tackle the industry’s most pressing challenges together. Contact us to discuss and learn more about the RGA capabilities, resources, and solutions.
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