Harnessing technology for new healthcare propositions in emerging markets

Thursday 20.12.2018 // Middle East Insurance Review // Dr. Kai-Uwe Schanz

Based on a consumer survey, Swiss Re has recently estimated the combined size of emerging Asia’s health protection gap at $1.4tn. This figure describes the maximum possible funding shortfall, ie, how much would be needed to eliminate the financial stress experienced by households due to spending on healthcare. It also includes the cost of providing treatment to those who cannot afford it. This massive health protection gap is equal to about 8% of these countries’ GDP and reflects their large populations, low disposable incomes, high out-of-pocket medical expenses and low health insurance penetration levels. By extrapolation, Swiss Re puts the estimated health protection gap of all emerging markets worldwide at around $2.9tn, or about 9% of these countries’ combined GDP.

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