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Alice Merry Alice Merry

The Landscape of Microinsurance 2021

The Landscape of Microinsurance 2021 found that between 179 and 377 million people were covered by a microinsurance product in the 30 countries covered. This is estimated to represent between 6% and 14% of the target population of the countries studied. COVID-19 had an important impact on insurers in 2021, with a heightened awareness of risk but reduced spending power among customers, as well as operational constraints for insurers and their partners.

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Alice Merry Alice Merry

The Landscape of Microinsurance 2020

The Landscape of Microinsurance 2020 found that between 162 and 253 million people were covered by microinsurance products in 2019 across the 28 countries surveyed. This figure represents between 6% and 10% of the low- and middle-income population in these countries. A total of USD 1,060 million was collected in premiums, representing about 5% of the estimated potential market for microinsurance in the countries concerned.

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