Insurance for a better world


The problems of global ageing—in particular, financing retirement systems and long-term care for the elderly—are increasingly moving to the forefront of the public policy agenda and the public’s concerns.

The financing of pension systems has not been adapted to account for changing demographics (improved longevity and lower fertility rates). Adding to this concern is the increase of age-related illnesses and the healthcare costs of an ageing population.

The insurance industry is in a unique position to form part of the solution to these challenges. The Geneva Association continues to research funding solutions, including post-retirement work and ways in which the insurance mechanism can support governments and individuals in financing retirement and age related health costs.