Skip to main content
  The Geneva Association
  • About us
    • Who We Are
    • Team
    • Board
    • History
    • Careers
    • Contact
  • Research topics
    • Climate Change & Environment
    • Health & Demography
    • Financial Inclusion
    • Digital Technologies
    • Cyber
    • Macro & Geoeconomic Shifts
    • Public Policy & Regulation
    • Evolving Liability
  • Publications
    • Research reports
    • The Geneva Papers
    • Articles
    • Annual reports
  • Events
    • Upcoming events
    • Summaries & Recordings
  • Awards
    • Women in Insurance Award
    • Ernst Meyer Prize
  • News & Media
Search
Subscribe
My Account Logout Subscribe
LinkedIn YouTube Instagram
Popular searches
PROGRES
Ernst Meyer Prize
Women in Insurance Award
Geneva Papers
Safeguarding Home Insurance
Reports
Events

Breadcrumb

  1. Home
  2. Hub
  3. Global Insurance Protection Gaps

Global Insurance Protection Gaps

May 06, 2018
  • Twitter
  • Linkedin
  • Email
  • Facebook

Risk exposures, driven by digitisation, urbanisation and climate change as well as value accumulation and concentration, tend to outgrow insurance premiums, leaving individuals, households, firms and the public sector alike underinsured. The root causes and prevalence of insurance protection gaps vary widely across the globe, reflecting different stages of economic development as well as social, institutional and cultural peculiarities. Insurance protection gaps are most striking in developing and emerging markets where combined insurance premiums still fall significantly short of these countries’ and regions’ share in global GDP.

Against this backdrop, The Geneva Association offers an updated quantification of protection gaps in the areas of natural catastrophe, cyber, healthcare and pension risk. In addition, we put forward a comparative taxonomy of root causes, distinguishing between high-, middle- and low-income countries in order to enhance the understanding of insurance protection gaps as a function of economic stages of development. Finally, we discuss potential remedies and contributions from insurers, governments and private-public partnerships.

Insurers have a vital role to play in this mix of solutions—as well-capitalised risk absorbers, as facilitators of cost-efficient risk transfer and diversification, and as enablers of more risk-conscious behaviours.

Understanding and Addressing Global Insurance Protection Gaps

Author: Kai-Uwe Schanz
Read more
read more

Research brief: Global Insurance Protection Gaps

Read more
read more

Insurance Protection Gaps in Cyber and Healthcare more acute than in Natural Catastrophes

Read more
read more

Harnessing Technology to Narrow the Insurance Protection Gap

Read more
read more

The Global Insurance Protection Gap: Assessment and Recommendations

Read more
read more
Root causes of insurance protection gaps lie with both demand- and supply-side factors

Root causes of insurance protection gaps lie with both demand- and supply-side factors

Aug 23, 2025
Insurance protection gaps in healthcare and cyber feature distinctive challenges

Insurance protection gaps in healthcare and cyber feature distinctive challenges

Aug 23, 2025

Related Content

Insuring a pandemic like COVID-19

Insuring a pandemic like COVID-19

Apr 20, 2021
Hub
Building Flood Resilience in a Changing Climate

Building Flood Resilience in a Changing Climate

Dec 07, 2020
Hub
Insurers: a critical part of the social safety net

Insurers: a critical part of the social safety net

Aug 30, 2020
Hub
COVID-19 Conversations

COVID-19 Conversations

May 18, 2020
Hub
Climate Change Forum 2019

Climate Change Forum 2019

Jun 30, 2019
Hub
Reasons and Remedies for Protection Gaps in Mature Markets

Reasons and Remedies for Protection Gaps in Mature Markets

Jun 24, 2019
Hub
Healthcare Protection Gaps in Emerging Markets

Healthcare Protection Gaps in Emerging Markets

Mar 19, 2019
Hub
Extreme Events and Climate Risk Forum 2018

Extreme Events and Climate Risk Forum 2018

Sep 30, 2018
Hub
Digitalization and Insurance

Digitalization and Insurance

Sep 27, 2018
Hub

Related Content

Insuring a pandemic like COVID-19

Insuring a pandemic like COVID-19

Apr 20, 2021
Hub
Building Flood Resilience in a Changing Climate

Building Flood Resilience in a Changing Climate

Dec 07, 2020
Hub
Insurers: a critical part of the social safety net

Insurers: a critical part of the social safety net

Aug 30, 2020
Hub
COVID-19 Conversations

COVID-19 Conversations

May 18, 2020
Hub
Climate Change Forum 2019

Climate Change Forum 2019

Jun 30, 2019
Hub
Reasons and Remedies for Protection Gaps in Mature Markets

Reasons and Remedies for Protection Gaps in Mature Markets

Jun 24, 2019
Hub
Healthcare Protection Gaps in Emerging Markets

Healthcare Protection Gaps in Emerging Markets

Mar 19, 2019
Hub
Extreme Events and Climate Risk Forum 2018

Extreme Events and Climate Risk Forum 2018

Sep 30, 2018
Hub
Digitalization and Insurance

Digitalization and Insurance

Sep 27, 2018
Hub
The Geneva Association

Subscribe to our updates

About us

Research topics

Publications

Events

Awards

News & Media

Contact us

Terms & Conditions

Follow us on social media

LinkedIn Instagram YouTube

© Geneva Association

Admin

INSURANCE FOR A BETTER WORLD