The Landscape of Microinsurance 2024

The Landscape of Microinsurance 2024 sheds light on the microinsurance sector that is growing and evolving to meet the urgent protection needs of vulnerable populations. This unique benchmark report reveals that the number of people covered by the reported products has increased by 70% over the past three years, reaching 344 million across 37 countries in three regions. For the year 2023, these products generated USD 6.2 billion in written premiums. 

However, despite this strong growth, 9 out of 10 people globally remain unprotected from rising risks, including climate change, health crises, and economic shocks. The report’s findings provide critical insights for policymakers, insurers, donors, and development agencies focused on increasing financial protection for low-income populations and calls for urgent action to close the protection gap.

Download the latest report in English and stay tuned for the upcoming versions in Spanish, French and Arabic!