The last decade has seen reforms in healthcare financing and movements towards medical insurance as a supplementary source of healthcare financing in Asia. We have seen this in China, Saudi Arabia, the Philippines, several health funds in India, and this year in Abu Dhabi and Indonesia. Next in line is Singapore; perhaps Malaysia and Hong Kong as they appear to be taking steps in this direction. If we go back another 10 years, we would add South Korea, Taiwan, and a number of other countries to the list. Mr Pang Chye of Milliman tells us about the range of universal health insurance schemes found in Asia.
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Health insurance is becoming a priority for citizens in India as a result of increasing cost of treatment and growing incidence of lifestyle diseases. However, the market is still under-penetrated. In an exclusive interview with Asia Insurance Review, Mr Antony Jacob, CEO, Apollo Munich Health Insurance Co talks about the importance of expanding the distribution channels for health insurance and the need to develop products and services that benefit the people and are simple to understand.
By Jimmy John
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