Dementia on the rise

The ratio of dementia patients to people of working age will also change dramatically. While the number of dementia patients is expected to nearly double in the European Union as a result of societal aging, the number of people of working age will dwindle. Whereas today there are two dementia patients per one hundred people of working age, i.e. between 15 and 64 years, by mid-century the ratio will be five to one hundred.

"Dementia already places a huge burden on the economy. Costs for formal and informal care by relatives could reach more than 450 billion euros," says Professor Michael Heise, Chief Economist and Head of Corporate Development at Allianz.

Dementia: More and more people suffer from the incurable disease.

Dementia is a widespread disease not only in western industrial countries. In Asia alone nearly 61 million people will be affected by dementia by 2050; and in China more people will suffer from dementia than in all other industrialized countries put together. In Europe the number of cases will nearly double from around 10 million today to just under 19 million

Insurance companies are increasingly rising to the challenges posed by the growing prevalence of dementia. Allianz Germany’s Tarif PZTBest product has been rated highly by the consumer organization Stiftung Warentest. In cases of dementia it pays a daily allowance for nursing care even if no official care level is recognized. Allianz Leben’s new Klassik/Invest long-term care annuity also pays compensation if the policyholder’s ability to cope with daily activities is impaired.

As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer.
Link to the disclaimer

Group Communications

Phone +49.89.3800-18475

Send e-mail