Global protection gaps and recommendations for bridging them
As we live through times of change and uncertainty — implying higher levels of risk — individuals and organisations worldwide are increasingly experiencing situations in which their health, wealth and income are not adequately protected.
The direct consequences of gaps in protection represent a major challenge for the well-being and economic prosperity of both individuals and societies.
Coming soon: a webinar in which GFIA president Susan Neely and vice-president Tim Grafton discuss the key findings of GFIA’s protection gap report.
Please sign up to receive details of the webinar when you download the report.
GFIA has produced this report to promote greater understanding of the largest protection gaps faced by individuals, businesses and societies globally. The report examines the drivers of the most relevant protection gaps and provides an overview of the wide range of potential levers that could help reduce each of the gaps. Some levers are illustrated with case studies.
The report contains GFIA’s recommendations to policymakers of the actions that can have the largest potential impact on global protection gaps.
Insurers play an important role in protecting people against the many risks in their lives by providing risk-transfer solutions and ensuring financial stability if the risks materialise. However, insurers alone cannot address all protection gaps. Public stakeholders have a vital role to play.
“Closing the gaps will require action from policymakers to create environments
in which risks can be managed and mitigated. These actions will help keep
risks insurable and insurance protection affordable.”
– Susan Neely, GFIA President
Members of the GFIA Protection Gap Taskforce