The Geneva Association's 2025 Health and Demography Conference will be held on 27 February 2025, kindly hosted by Munich Re.
Longevity is a phenomenon that will transform societies and challenge socio-economic constructs that have been passed down for generations. A manifestation of scientific and social progress, longevity is enabling many to live a 100-year life, with the number of centenarians expected to increase eightfold by 2050. But when combined with low fertility rates, this upsets the familiar balance of young and old and the ability to run societies according to the status quo. Traditional ways of earning wealth and preserving health are colliding with new realities, creating uncertainty for people, governments and businesses.
Historically, life and health insurance have been central to helping societies manage longevity by supporting the provision of care and financial security in old age. But over time, macro-economic and demographic pressures have begun to erode this role, raising questions about what’s next for insurance. As societies navigate the era of longevity, insurers too need a vision for the next 100 years to ensure their continued relevance as managers of longevity risks.
