Despite major advances in digital payments, savings programmes, and access to credit and insurance services, more than 1 billion adults worldwide remain outside the formal financial system. In emerging economies in particular, vast insurance protection gaps leave people highly vulnerable to financial shocks. Drawing on original survey data from seven major emerging economies – Brazil, China, India, Mexico, Morocco, South Africa, and Türkiye – this report provides fresh insights into how insurance can strengthen resilience and financial stability.
The report offers recommendations to promote insurance as a cornerstone of financial inclusion in emerging economies. These include insurers offering, simple and accessible products that extend affordable protection; governments pursuing national development strategies that integrate insurance initiatives; and regulators implementing risk-based, innovation-friendly frameworks that balance market growth with consumer protection.
