Expected medical trend change APAC 2020

Published by Leander von Kameke, Apr 28, 2023
In a survey conducted in 2020, regarding the change in medical trend, 49 percent of respondents in the Asia-Pacific region believed that the medical trend would remain about the same over the next three years. Contrastingly, one percent of respondents in the Asia-Pacific region in 2020 stated that the medical trend would be significantly higher over the next three years.

Expected medical trend change in overall book of business in the next three years in the Asia-Pacific region in 2020

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Release date

November 2020

Region

Asia, APAC

Survey time period

July to September 2020

Number of respondents

287 respondents

Special properties

among leading insurers from 76 countries

Method of interview

Online survey

Supplementary notes

Original survey question: "How do you expect the medical trend in your overall book of business to change over the next three years compared to current rates?"

The survey was conducted among 287 leading insurers from 76 countries of which 29 percent of the respondents were from the Asia Pacific region.

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