Landscape of Microinsurance 2024 launched

Swiss Re Foundation partner, the Microinsurance Network launched its Landscape on Microinsurance 2024. This benchmark report reveals that the number of people covered by the reported products has increased by 70% over the past three years, reaching 344 million across 37 countries in three regions. For the year 2023, these products generated USD 6.2 billion in written premiums.  

However, despite this strong growth, 9 out of 10 people globally remain unprotected from rising risks, including climate change, health crises, and economic shocks. The report’s findings provide critical insights for policymakers, insurers, donors, and development agencies focused on increasing financial protection for low-income populations and calls for urgent action to close the protection gap. 

All reports including the latest one are downloadable here: The Landscape of Microinsurance | Microinsurance Network.  

This research is made possible by the support of the UNDP, the Government of Luxembourg, the Swiss Re Foundation, and several other companies in the insurance sector, including AXA, Munich Re Foundation, Barents Re, Aon, and the Insurance Federation of Egypt.