Overview

With over 40% of the population living below the poverty line and economic conditions continuing to be challenging, Argentina’s economic crisis is worsening financial pressure on vulnerable groups. 

Millions are at risk from flooding, earthquakes and drought. Building financial resilience against economic adversity and climate risks is crucial for protecting the population and fostering sustainable economic growth.

UNDP’s Insurance and Risk Finance Facility collaborates with the government and local partners to improve the enabling environment for inclusive insurance, promote public-private partnerships for market innovation to safeguard livelihoods and infrastructure through risk finance solutions.

Main Natural Hazards

Flood, Earthquake, Drought

1
1 Source:
https://drmkc.jrc.ec.europa.eu/inform-index/INFORM-Risk/Country-Risk-Profile
Insurance penetration

2.8% (2022)

1
1 Source:
https://www.economiayseguromapfre.com/number-12/the-latin-american-insurance-market-in-2022
Number of insurance providers

191 insurance companies

1
1 Source:
https://www.argentina.gob.ar/sites/default/files/ssn_202312_indicadores_mercado_anexo.pdf
% Workforce engaged in agriculture

7% (2022)

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

0.4% (2019/2020)

1
1 Source:
https://hdr.undp.org/system/files/documents/hdp-document/2023mpireporten.pdf
% of population covered by inclusive insurance products

0%

1
1 Source:

The Microinsurance Network, Landscape of Microinsurance 2023, Based on target population estimate for Argentina of 31,111,549 people https://microinsurancenetwork.org/resources/the-landscape-of-microinsurance-2023
Biodiversity ranking

#21 out of 239 countries and territories (2023)

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

71% of total employment (2023)

1
1 Source:
https://documents1.worldbank.org/curated/en/099062823112526459/pdf/P159515063425f0b50892e0070db72bc28d.pdf

Our work in numbers

1.2

Million projected beneficiaries

Reaching people through insurance and risk finance solutions.

3

Insurance solutions in development

Protecting people, jobs, agriculture and public assets.

2

Institutional and policy processes

Strengthening the enabling environment for insurance to scale.

14

Training programme participants

Building country capacity in insurance and risk finance.

Our projects

Iguazu falls