The landscape of microinsurance 2022
This study provides a unique global benchmark - tracking the uptake of inclusive insurance products and services, along with insights into emerging trends connected with closing the people protection gap. The 2022 study is the most comprehensive to date with 253 insurance providers reporting on 935 products in 34 countries across Africa, Asia, Latin America and the Caribbean.
The link between climate and health is beginning to be recognized directly in insurance product design. Some insurers are also beginning to bundle health and agriculture covers and discussions of health and well-being are coming to the fore in climate discussions in the sector. In addition, agricultural insurance is the microinsurance line of business that has historically been most closely related to climate risk. Climate risk is indeed the main risk covered by agriculture microinsurance products, with 68% of reported products covering climate risk directly, and many other covering risks such as death of livestock which are impacted by climate risk.
The report is available in three language versions.
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