Feb 05, 2021

10 countries with a large insurance gap

William Girling
4 min
Insurance gap
Lloyd’s of London calculates the global insurance gap to be approximately US$162.5bn. We take a look at 10 countries with the most significant figures...

Defined as the discrepancy between levels of cover in place and the actual cost it would take for societies to recover following a catastrophe, there are numerous factors that can exacerbate an insurance gap. Not least of these is poverty and a lack of education and tech infrastructure.

We have ordered the list to reflect the size of the gap relative to each country’s GDP.

This list was compiled from research originally conducted by Lloyd’s.

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