Core Insights - Manulife, in partnership with UpLink and the World Economic Forum, announced the winners of the "Innovating for Asia's Demographic Future Challenge," focusing on solutions for financial resilience, healthy aging, and lifelong fulfillment in Asia's changing demographic landscape [1][4][6] Group 1: Initiative Overview - The challenge is the second in a three-part series aimed at addressing the demographic shifts in Asia, where by 2050, one in four people will be over the age of 60 [4][6] - The initiative received over 85 submissions, with ten ventures selected for their transformative potential, and three top innovators will share a prize of CAD $200,000 to enhance their impact [2][4] Group 2: Selected Winners - Agewhale (Hong Kong) provides a Care Compass app for elderly individuals and caregivers to improve home safety and care management [5] - AqlCare (Abu Dhabi) offers structured cognitive screenings through caregiver-patient video calls for early dementia detection [5] - DoctorTool (Jakarta) digitizes primary care in Indonesia using AI-powered solutions to enhance access and quality [5] - Happy60plus (Bengaluru) delivers tech-enabled wellness programs for seniors to promote engagement and independence [5] - Infiheal (Pune) provides AI-powered mental and sexual health support for underserved populations [5] - Kinexcs (Singapore) develops AI-driven rehabilitation platforms for home-based recovery post-surgery [5] - PINTAR (Singapore) supports returnee migrant workers with lifelong learning and social connection [5] - Sav (Dubai) is an AI-powered finance platform that helps users optimize their financial behaviors [5] - Xandar Kardian (Toronto) uses passive radar sensors for continuous health monitoring of seniors [5] - YoungHappy (Bangkok) empowers urban seniors through a hybrid community platform for engagement and learning [5] Group 3: Strategic Focus Areas - The challenge targets three key areas: Multigenerational Financial Resilience, Equitable Healthy Aging, and Lifelong Fulfillment, addressing rising healthcare costs and their impact on financial and mental well-being [6][7] - The third challenge in this series is set to launch in 2026, continuing the partnership's focus on innovation for healthier and more financially resilient lives [7]

Core Insights - Manulife has released its 2024 Sustainability Report and Public Accountability Statement, highlighting its commitment to sustainability and long-term value creation for stakeholders [1][2] Group 1: Sustainability Initiatives - The firm aims to empower health and well-being, drive inclusive economic opportunities, and accelerate sustainability through its Impact Agenda [2] - Manulife's Chief Sustainability Officer emphasized the company's role in improving lives and communities, serving over 36 million customers globally [2] Group 2: Partnerships and Collaborations - Manulife announced a three-year partnership with Uplink to promote longevity innovation through Global Longevity Innovation challenges, with winners receiving $50,000 each [4] - A five-year collaboration with MIT AgeLab will focus on longevity-related research to enhance consumer preparedness [4] - The company partnered with the Centre for Addiction and Mental Health to fund mental health research for women, highlighting workplace health challenges [4] Group 3: Community Engagement and Education - The Smart$ense Financial Literacy for Kids Campaign was launched in the U.S., inspired by a successful program in the Philippines, winning an award for community investment [4] - A partnership with Mind HK aims to raise mental health awareness in Hong Kong through public events and expert discussions [4] Group 4: Responsible Innovation - Manulife released Responsible AI Principles to ensure ethical and transparent AI applications, aligning innovations with safety and sustainability standards [4] Group 5: Company Overview - Manulife Financial Corporation is a leading international financial services provider with over 37,000 employees and 109,000 agents, serving more than 36 million customers [5]