Asian insurance gap reaches US$134 billion
Wednesday, 10 24 2018, Category: Insurance and Reinsurance, Country: Asia
The insurance gap for Asian countries has grown to US$134 billion, up 9.4% from its 2012 level, according to the Lloyd’s Underinsurance Report 2018.
The report, produced by Lloyd’s in cooperation with the Centre for Economics and Business Research (CEBR), revealed that underinsurance continues to be a significant threat to global economic development. And while the gap is growing in Asia, it is actually narrowing on the global level, down 3% to US$163 billion, from US$158 billion in 2012.
Source: Insurance Business