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Value of the protection gap in the insurance industry worldwide from 2010 to 2020 with a forecast for 2025 (in billion U.S. dollars)

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Sources

Release date

May 2022

Region

Worldwide

Survey time period

2010 to 2020

Supplementary notes

*Forecast.
The source defined the protection gap as the difference between the value of premiums needed for full protection against risk and the value of premiums actually purchased.

Citation formats

Global insurance protection gap 2010-2020 with forecast for 2025, by region

Published by Zeynep Dierks, Oct 4, 2022
By 2025, the global protection gap is set to increase by five percent and the Asia-Pacific region will account for almost half of all uninsured risk. In 2020, the protection gap in the Asia-Pacific region was *** billion U.S. dollars and this figure is forecast to rise to *** billion U.S. dollars by 2025. The protection gap refers to the difference between the amount of insurance required and the amount of insurance actually taken out.
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