The Landscape of Microinsurance 2023
The Landscape of Microinsurance 2023
The Landscape of Microinsurance 2023
May 01, 2024
UNDP's Insurance and Risk Finance Facility supports the Microinsurance Network's (MiN) annual Landscape of Microinsurance Study. The 2023 Study draws on extensive primary research and insights from 294 insurers covering 1,040 products across diverse sectors, including health, life, agriculture, and property. These products extended coverage to an estimated 330 million individuals in 36 countries across Africa, Asia, Latin America, and the Caribbean, reflecting the breadth and depth of microinsurance’s reach. This total number of people reached by participating insurance providers represents up to 11.5% of the population that could benefit from microinsurance, highlighting a significant 88.5% protection gap.