Back to video overview

4/2017 - sigma 4/2017: Insurance: adding value to development in emerging markets

The standard measure to gauge the development of a country's insurance market is the insurance penetration rate. But premiums expressed as percent of a country's GDP do not help elucidate how, in terms of real-life experience, insurance ownership can help improve the quality of peoples' lives. The latest sigma reviews recent evidence-based research, which offers more granular insights about the contribution of insurance across a broad range of development metrics. The sigma also addresses local demand and supply-side barriers, such as lack of awareness, institutional factors and behavioural biases that can hinder extension of the reach of insurance to cover more people.