Overview

Pakistan is the fifth most vulnerable country to climate change: flooding, tsunamis and cyclones combine with earthquakes to put people, industry, agriculture and infrastructure at risk. Over one-third of the population is employed in agriculture, but urban density is rapidly increasing. Financial protection is needed to safeguard urban and rural lives and livelihoods.

UNDP’s Insurance and Risk Finance Facility is cooperating with government, industry and the international community to protect Pakistan’s people and support sustainable growth by developing insurance and risk finance solutions and improving strategies and policies for risk finance and insurance market development.

Main Natural Hazards

Flood, Earthquake, Cyclone, 

Tsunami

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1 Source:
https://drmkc.jrc.ec.europa.eu/inform-index/INFORM-Risk/Country-Risk-Profile
State of multidimensional fragility

Fragile

1
1 Source:
https://www3.compareyourcountry.org/states-of-fragility
% of population covered by inclusive insurance products

2%

1
1 Source:

Source: The Microinsurance Network, Landscape of Microinsurance 2023, Based on target population estimate for Pakistan of 192,952,728 people

https://microinsurancenetwork.org/resources/the-landscape-of-microinsurance-2023
Biodiversity ranking

#52 out of 239 countries and territories (2023)

1
1 Source:
https://worldrainforests.com/03highest_biodiversity.htm
Small business % contribution to workforce

80% of non-agriculture employment (2023)

1
1 Source:
https://cc.gov.pk/assets/images/Downloads/assessment_studies/enhancing_the_economic_efficiency_of_smes_in_pakistan.pdf
Multidimensional poverty

38.3% (2017/2018)

1
1 Source:
https://hdr.undp.org/system/files/documents/hdp-document/2023mpireporten.pdf
Insurance penetration

0.87% (2022)

1
1 Source:
https://www.secp.gov.pk/document/insurance-industry-statistics-2022/?wpdmdl=49286&refresh=651ab025055921696247845
Number of insurance providers

28 non-life insurers, 2 general takaful operators, 8 life insurers, 3 family takaful operators and 1 reinsurer

1
1 Source:
https://www.secp.gov.pk/document/unlocking-the-potential-of-micro-inclusive-insurance-in-pakistan/?wpdmdl=51279
% Workforce engaged in agriculture

36% (2022)

1
1 Source:
https://data.worldbank.org/indicator/SL.AGR.EMPL.ZS

Our work in numbers

1

Insurance solutions in development

Protecting people, jobs, agriculture and public assets.

2

Institutional and policy processes

Strengthening the enabling environment for insurance to scale.

25

Training programme participants

Building country capacity in insurance and risk finance.

Our projects

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