How big is the protection gap from natural catastrophes where you are?
Natural disasters can cause economic losses that are much higher than insured losses. Our interactive tool displays this protection gap in 13 countries and all global regions.
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The protection gap affects societies' resilience
Natural catastrophes such as hurricanes, earthquakes, floods and winter storms have become more intense and frequent in recent years, posing a threat to both people and economies worldwide. The financial burden of such events is enormous, but despite this threat many people and businesses remain uninsured leaving them vulnerable when a natural catastrophe does strike.
The protection gap refers to the difference between insured and uninsured losses. It shows how resilient societies and economies are to disasters. A big protection gap lowers the financial ability of economies to bounce back from disasters, as lack of insurance makes recovery harder for businesses and people.
In 2024, according to our latest sigma report, only 43%, or USD 137 billion, of global economic losses of USD 318 billion were insured.
With climate change causing hazard intensification, asset accumulation and ever more people living in high-risk areas, impacts from natural catastrophes will only continue to grow.
Understand your risk to close the protection gap
We aim to reverse this trend by covering these risks and bringing affordable, easily accessible re/insurance solutions to more people around the world. We think that a crucial step in achieving this goal is to enhance understanding and awareness of the risks and dangers from natural disasters.
Through our advanced risk modelling tools and data insights, we're better able to quantify the dangers from natural catastrophes for specific areas. Working with our clients and partners we're dedicated to applying traditional and innovative risk-transfer solutions to identify protection gaps and increase personal and societal resilience.
Explore our new interactive map to discover the protection gap from natural catastrophes by region and country. Gain insight into trends and losses with our 10-year overviews as well as the top five natural catastrophes in each country over the past decade.
