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The ratio of those over 65 to the total population, which stood at 7.2 percent in 2000, will jump to 37.3 percent in 2050. The horrific changes an aging society could bring to our socioeconomic environment is beyond calculation. But we are still far from being prepared. As the number of retirees increases, expenses health insurance and pensions will snowball to an astronomic amount, hardly affordable for us. This study shows what insurance industry is working for adequate measures to counter the situation. That is to say, Korean insurance, industry have to change the way of business and business policy. Such as health insurance, long term care insurance, annuity insurance and life insurance etc.
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