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BBCNEWS Asia Business Report June 4, 2024 23:40:00

Unaddressed challenge — barely 8% of the total losses are covered by insurance, according to the research arm of the countrys largest bank. it means an average indian is insured only roughly about 8% of what might be required to protect the family from a financial shock following a disaster. that leaves the country with a 93% insurance protection gap — far higher than the global average of 54%. urgent solutions to thought this through public—private disaster pool and improving awareness ab...
Research Arm Protection Gap Food Prices Hit Hard

Idra, insurers call for measures to narrow protection gap

Insurers, regulators, and experts emphasise the importance of addressing and narrowing the insurance protection gap through various measures, including improving insurance awareness, transparency, digitisation, affordability, accessibility, and product innovation. They acknowledge that the fundamental challenges of the sector require engagement with stakeholders across the
Sheikh Mohammad Salim Ullah Sheikh Kabir Hossain Mohammad Jainul Bari Abhijitk Chattoraj Bangladesh Insurance Association Financial Institutions Division

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Interview Denis Duverne, Insurance Development Forum IDF, AXA, climate

09-08-2017 Ahead of November’s COP26 meeting, the chair of the IDF and chair of the board of directors at AXA, urges industry professionals to engage with the public-private partnership. COP26, the United Nations (UN) Climate Change Conference to be held in Glasgow on November 1 to 12, 2021, is a key event in the calendar for the Insurance Development Forum (IDF). Ahead of the high level event, the industry-led public-private partnership (PPP) is in “full implementation mode” to deliver i...
Denis Duverne Insurance Development Forum United Nations Climate Change Conference Climate Change Covid 19

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