Significant longevity issue in China but third-party risk transfer ‘some way off’
China is greying quickly, but low penetration of pensions and life insurance mean little likelihood of a UK-style longevity swap market emerging
China’s rapidly aging population presents significant opportunities for insurers and reinsurers but it is unlikely this will result in the development of a longevity risk transfer market for some time, according to Swiss Re.
A combination of increasing longevity and falling fertility is aging the global population but this process is being accelerated in China due to its long-established one-child policy, which will result in the working population of the world’s second largest economy going into
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