WEALTH

More documents

Recommendations

Info

MICRO additional year in retirement requires approximately 2.5-3.5% additional savings,” says Richard Wolf, an economist with the Allianz International Pensions unit. In other words: A retirement pot of €100,000 needs to be topped up to €103,000 to provide the same income over the extended period of lifetime. Murray’s advice to policymakers is to invest more in prevention, “especially obesity, which has enormous cost repercussions. If policymakers could change obesity trends – which are rising nearly everywhere – they could have a big impact on future costs.” Governments also have to change their mindset: “Historically, they have been focused on preventing death – rightly so. But to make longer lives more affordable, we have to look more at diseases that largely don’t kill, but cause a tremendous amount of disability and cost.” GLOBAL BURDEN OF DISEASE METHODOLOGY The largest and most detailed analysis to quantify levels, patterns and trends in death and ill health around the world between 1990 and today, the Global Burden of Disease (GBD) study quantifies health loss from a vast variety of diseases to inform health policymakers worldwide. The GBD regularly updates estimates for premature death and disability from more than 300 diseases and injuries, in 188 countries, by age and sex and makes it comparable. 44 • Allianz
MICRO FOCUS DR. EDUARDO P. BANZON SENIOR HEALTH SPECIALIST ASIAN DEVELOPMENT BANK, FORMERLY PRESIDENT AND CEO OF PHILIPPINE HEALTH INSURANCE CORPORATION (PHILHEALTH) Asia is aging faster than Europe did – this is closely intertwined with the rise of NCDs Q&A QUESTION Is the epidemiological transformation happening at an unprecedented rate in Asia? How many countries in Asia are close to realizing universal health coverage? Private providers seem to play a far greater role in Asia than in developed countries. By 2050, Asia should be far richer and certainly far older than today. How do you imagine healthcare being delivered then? That is a strong vision. ANSWER The change is fast, but as you would expect. The increase in deaths relating to air pollution, for example, has been rapid, but if the equivalent data was available I don't believe it would be different to when the Europeans began to industrialize. It is just that we have more of an idea of what people are dying from today. The main difference is that Asia is aging faster than Europe did and that is complexly intertwined with the rise of NCDs. Objectively measuring countries is part of the challenge we face. I cannot say a particular country has reached a particular level of universal health coverage (UHC). Japan, Singapore and South Korea are clearly in great positions. All I can provide for the others is anecdotal evidence that, for example, Thailand is doing an outstanding job in ensuring sick people are not impoverished, or that Sri Lanka is making great advances with limited resources. Many countries acknowledge private providers are part of life when we talk about UHC. Governments are mobilizing a lot of revenue for healthcare funds but they focus on purchasing and regulation to cover all citizens, not on service provision. The insurance funds provide incentives to both the public and private sectors as this allows for far greater flexibility and faster responses than when governments operate health facilities on their own. I believe if Asia experiences the growth projected, there will be many billions more consumers driving the personalization and commoditization of medicine. The result will be a networked, technologically-advanced care system, where a pinprick can reveal much about your health. This could be monitored remotely, so the elderly remain at home but are not a burden on families. Health workers would function as a response team whenever an emergency arises. It may sound far-fetched, but I am an optimist and it would get us away from the stepladder type of referral healthcare systems that now exist. 45 Allianz • Allianz • 45
Page 1 and 2: Multiplying investment and retireme
Page 3 and 4: OPENING BELL BRIGITTE MIKSA Head of
Page 5 and 6: CONTENTS MICRO (Local knowledge) MA
Page 7 and 8: FOCUS THE FIRST WEALTH Asia today i
Page 9 and 10: Commodity City is made up of three
Page 11 and 12: Over 100,000 vendors at the market
Page 13 and 14: FOCUS By Oktay Atay and Christian G
Page 15 and 16: Most governments in Asia are now in
Page 17 and 18: FOCUS WEIGHING UP THE GLOBAL COST
Page 19 and 20: FOCUS include far more than the dir
Page 21 and 22: FOCUS » IF WE OFFER A PRODUCT THAT
Page 23 and 24: FOCUS PATIENTS WITHOUT BORDERS Medi
Page 25 and 26: FOCUS tourism exists, but has not b
Page 27 and 28: FOCUS “For those with a risk of g
Page 29 and 30: FOCUS Outdoor air pollution, which
Page 31 and 32: Who’s the fairest? The Shanghai D
Page 33 and 34: FOCUS sold one car in China for eve
Page 35 and 36: FOCUS by experts. Typical is Eduard
Page 37 and 38: HOLDING BACK Who wants to live fore
Page 39 and 40: HOLDING BACK Geroscientists are dis
Page 41 and 42: MICRO its pension savings plan and
Page 43: MICRO Allianz • 43
Page 47 and 48: What lies ahead for the Chinese eco
Page 49 and 50: Global opportunities MACRO CHINA SH
Page 51 and 52: MACRO García-Herrero has one of th
Page 53 and 54: MACRO economic structure. This coul
Page 55 and 56: MACRO Modern policymakers missed th
Page 57 and 58: MACRO Should public assets be conso
Page 59 and 60: MACRO Wealth funds would give the p
Page 61 and 62: MACRO DONGHYUN PARK Principal econo
Page 63 and 64: AWARDS FOR PROJECT M PRINT AND ONLI

WEALTH

Create successful ePaper yourself

Delete template?

Save as template?