Asia’s Insurance Gap: Who Actually Pays for Coverage

Who pays for insurance? – New insights on Protection Gaps in Asia

Insurance is an important tool to address protection gaps. Consequently, understanding who has insurance and who does not is central to this effort.

Across many countries, individuals, families, businesses, and governments remain financially exposed to risks such as natural disasters, health shocks, and economic disruptions. Insurance plays an important role to help manage these risks, yet the extent of individual-level insurance coverage is often difficult to measure.

Across Asia's developing insurance markets, new data provide opportunities to investigate this issue. The recently released Findex Data set(1) has, for the first time, added a useful question on insurance that allowed for deeper insights.

Using this dataset, we conducted a preliminary analysis across several Asian jurisdictions to better understand patterns of insurance ownership. The findings highlight bo...