Financial inclusion: an opportunity for insurers as digitalisation accelerates
Article information and share options
This article was written
By
The growth in online activity from COVID-19 enables insurers to offer tailored, affordable products to those with less access to financial services.
Key takeaways:
- The COVID-19 crisis reinforces the importance of improving financial inclusion to strengthen the global economy.
- Insurance plays a key role in providing financial relief to buffer households from shocks, but the most vulnerable tend to have very limited coverage.
- The acceleration in digitalisation prompted by COVID-19 enables insurers to offer more affordable products via digital channels to the under-served.
- Public-private partnerships will be crucial to build a digital-friendly environment and ensure equal access.
Economic Insights, direct to your inbox
Our Economic Insights series looks at current economic topics and their implications for the re/insurance industry.
Subscribe to receive each edition of Economic Insights.
Tags
sigma research
Our data driven research publications, including the industry leading sigma, enable risk focussed decision making and identify strategic opportunities in the re/insurance industry.