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
For media queries, please contact: Vicneswary (Viki) (Ms) Senior Communications and Outreach Advisor Global Asia Insurance Partnership Tel: 9060 1507 Email: vicneswarys@gaip.global The GAIP Insurance
By Min Hung Cheng 27 January 2025 Blended finance is increasingly recognised as an effective mechanism to mobilise private sector capital for public good. However,
Convergence and Global Asia Insurance Partnership (GAIP) have signed a memorandum of understanding (MoU) to promote the role of the insurance sector in supporting climate-resilient
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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
