Understanding and motivating change, improving and sustaining resilience and well-being in Asia
The term "protection gap" is well known and has been the subject of extensive discussion both within and outside the insurance sector. The magnitude and significance of the protection gaps estimates draws attention not just from the insurance sector, but also the public, media, and governments.
The gaps are growing – our changing physical risk environment, technology, demographic adjustments, and structural changes to economies, all contributes to increases in risk exposures and hence, the protection gaps.
A new GAIP policy paper examines the concept of protection gaps, the motivations and factors behind the attention given, what is required to effectively manage the gaps, as well as what can be done now, to motivate further action.
Author: Craig Thorburn
Estimates suggest that only 15% of Asian assets have appropriate coverage for disaster risks. How can these “protection gaps” be filled? Yoshihiro Kawai, Chair of
Challenges, basically are opportunities, so we think about these two things together. In this era of increased risk, increased exposure, the move to price risk
By Min Hung Cheng 9 October 2024 In June this year, I had the privilege of attending the Insurance Development Forum (IDF) Summit in London,
