GFIA calls for joint action to close worldwide protection gaps
The report examines global insurability challenges and opportunities through the “4 A’s” framework—Awareness, Accessibility, Affordability, and Availability. It identifies major pressures from geopolitical instability, natural catastrophes, cyber risks, inflation, and technological shifts, contributing to a $1.83 trillion global protection gap. The report outlines barriers such as low financial literacy, limited market access, rising costs, and reduced coverage options in high-risk areas. It highlights industry initiatives and public-private collaborations addressing these issues and presents policy recommendations aimed at improving education, enabling innovation, reducing taxation, and fostering regulatory environments that sustain risk-based insurance markets.