Report: 52 Million People in Latin America Protected by Microinsurance

Wednesday, November 8, 2017

More than 8.2% of the population in Latin America and the Caribbean had at least one microinsurance policy as of December 2016, with 52.1 million people insured corresponding to USD 420 million in Gross Written Premiums, estimates a new study on The Landscape of Microinsurance in Latin America and the Caribbean (LAC) 2017 – Preliminary briefing note, published by the Microinsurance Network (based in Luxembourg) and Munich Re Foundation.

The preliminary findings of the study were released today, as the 13th International Microinsurance Conference “Inclusive insurance for the mass market” opened in Lima, Peru. The event, which runs through to Thursday 9 November, brings together over 400 experts from around the world to look at ways to accelerate the growth and economic viability of the microinsurance sector.

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financial health, insurance