Manulife and the World Economic Forum Launch the Prospering in Longevity Challenge

Manulife and the World Economic Forum Launch the Prospering in Longevity Challenge Toronto, Canada and Cologny, Switzerland (May 10, 2023) – Manulife Financial Corporation (“Manulife”) and the World Economic Forum (“WEF”) today announced the launch of the Prospering in Longevity Challenge, a global initiative to accelerate innovation and collaboration to improve the lives of people living longer. The Prospering in Longevity Challenge aims to address the challenges and opportunities presented by the aging population around the world. By bringing together a diverse group of partners, including government, business, academia, and civil society, the Challenge will foster the development of new solutions that promote health, well-being, and financial security in later life. “As the world’s population ages, we need to find ways to help people live longer, healthier, and more financially secure lives,” said Roy Gori, President and Chief Executive Officer of Manulife. “The Prospering in Longevity Challenge will bring together the best and brightest minds from around the world to develop innovative solutions that address this critical issue.” “The aging population is one of the most important issues facing our world today,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. “The Prospering in Longevity Challenge will provide a platform for collaboration and innovation to help us create a future where everyone can live long, healthy, and fulfilling lives.” The Prospering in Longevity Challenge will focus on three key areas: * Improving Health and Well-being: Promoting healthy aging through initiatives that address chronic diseases, mental health, and social isolation. * Enhancing Financial Security: Developing innovative financial products and services that provide financial security for people in retirement and later life. * Creating Age-Friendly Societies: Building environments and communities that support the needs and aspirations of older adults. The Challenge will be open to participants from all sectors and regions. Partners will be selected based on their commitment to collaboration, innovation, and impact. The Challenge will be led by a Steering Committee co-chaired by Roy Gori and Klaus Schwab. The Steering Committee will provide strategic guidance and ensure that the Challenge meets its objectives. The Prospering in Longevity Challenge is a testament to Manulife’s and the World Economic Forum’s shared commitment to addressing the challenges and opportunities presented by the aging population. By leveraging their collective expertise and resources, the partners aim to create a future where everyone can prosper in longevity. About Manulife Manulife Financial Corporation is a leading international financial services group that helps people achieve their dreams and aspirations by putting customers at the heart of everything it does. We operate as Manulife across our global businesses, providing financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. We serve over 38 million customers worldwide, and have operations in over 120 jurisdictions and territories. For more information, please visit manulife.com. About the World Economic Forum The World Economic Forum is an international organization for public-private cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. It was established in 1971 as a not-for-profit foundation and is headquartered in Cologny, Switzerland. For more information, please visit www.weforum.org.Manulife and World Economic Forum Launch the Prospering in Longevity Challenge Manulife, a leading international financial services group, and the World Economic Forum have launched the Prospering in Longevity Challenge, a global initiative to empower individuals to make the most of their longer lives. The challenge aims to develop innovative solutions that enhance the quality, health, and financial security of people as they age. It will focus on three key areas: * Financial security: Helping people plan for and manage their finances in retirement, including addressing challenges such as longevity risk and healthcare expenses. * Health and well-being: Promoting healthy aging and providing access to affordable healthcare and support services. * Social engagement and purpose: Creating opportunities for seniors to stay active, engaged, and connected with society. The challenge invites participants from diverse backgrounds, including businesses, governments, non-profit organizations, and individuals. Participants will submit proposals for innovative solutions that address the needs of aging populations. A panel of experts will evaluate the submissions and select up to 10 winners. The winners will receive financial support, mentorship, and access to a network of experts to bring their solutions to scale. According to Roy Gori, President and CEO of Manulife, “We believe that everyone deserves to lead a long and fulfilling life. The Prospering in Longevity Challenge is a bold step towards empowering individuals to do just that.” The challenge is part of Manulife’s larger commitment to promoting longevity and supporting seniors. The company has invested in a number of initiatives, including the Manulife Centre for Healthy Living and the Manulife Vitalité program. The World Economic Forum’s Managing Director, Adrian Monck, said, “Longevity is a global challenge that requires collaborative action. The Prospering in Longevity Challenge will bring together a diverse range of stakeholders to develop innovative solutions that will benefit people around the world.” The challenge is open for submissions until March 31, 2023. For more information, visit the challenge website at https://www.weforum.org/projects/prospering-in-longevity-challenge.