Demographic cloud has a 'silver lining'

Insurers in China drool as people aged 65 or above are set to grow in numbers

The booming "silver generation" of China - people aged 65 or above - presents potentially huge opportunities for the insurance industry, an expert said.

"China is undergoing a huge demographic shift, with the proportion of its elderly population aged over 65 on track to grow from 10 percent (of total population) today to 24 percent by 2050," said Domenico Savarese, global head of ageing at Swiss Re.