Sustainability challenge and related SDGs:
From birth to adulthood to the golden years of life - in all stages of life, humans want to survive and thrive. This cannot be achieved without a functioning #HealthInfrastructure, which in a narrower sense includes various health facilities, health professionals, health care processes and drug supply as well as the financing through health insurances.
Ensuring global health care for all remains a global challenge: In developing countries as well as in countries with a good to very good #HealthInfrastructure, the health care system must adapt to changing societal conditions, such as people living longer while maintaining a more active lifestyle for longer; the tendency to have children later in life or better chances to survive communicable and non-communicable diseases, malnutrition and injuries. One study found that worldwide an estimated 8.6 million people still die from causes that could be prevented with public health coverage and strong health systems.
Keeping a diverse society healthy - regardless of social class (SDG 1), gender, sexuality or ethnic background (SDG 10) - plays an important role in the development of sustainable cities and communities (SDG 11) and is a prerequisite for achieving SDG 3 "Health and well-being".
Possible solutions and their contribution to achieving the SDGs
Health insurance is part of the health
infrastructure. Its aim is to help maintain, restore or improve the state of health of individuals. This also includes educating and advising the insured and working towards a healthy lifestyle.
Companies with the radiTag #Healthcare4All cover a wide range of health insurance services for people in different life situations. Be it for low-income, high-risk or elderly groups: Accident and health insurance, pension insurance or simple basic insurance products (e.g. disability, accident, health, pension, long-term care insurance, nursing services) protect against health, social and economic risks.
Primarily related SDG Targets: 1.3, 1.4.1, 3.1, 3.2, 3.3, 3.4, 3.5, 3.6, 3.7, 3.8, 3.a, 10.2, 11.5, 11.5.1
Investment Rationale and Growth Potential
Inflation, pandemics, energy crisis. We live in uncertain times, with many people having a stronger need for security. This also affects insurance operations in the health sector. The global health market is growing by 6% annually. Major drivers of this include:
- The rising medical costs and increasing healthcare spending.
- The rising incomes in various economic classes.
- The growing realisation of wanting to achieve universal healthcare for all.
These opens interesting opportunities for investors who want to invest impact-oriented and promote healthcare.
