Global underinsurance research

2011 was the insurance industry's most costly year on record for natural catastrophe claims, as a devastating sequence of catastrophes occured across the globe.

Natural catastrophes cause terrible loss of life and impose an ever-growing cost on governments and businesses.

This research, commissioned by Lloyd's from the Centre for Economic and Business Research shows, for the first time, an annualised insurance deficit of $168 billion that leaves 17 high growth countries severely exposed to the long-term costs of catastrophic events. 

Divided into four sections, our research analyses the facts, providing an urgent call to action to governments, insurers and businesses.

Global underinsurance map

> The insurance of countries

2011 witnessed an unprecedented series of natural catastrophes, devastating whole communities, and pushing global supply chains to breaking point.

> Natural catastrophe case studies

What impact does the prevalence of non-life insurance have on a country’s ability to recover from a natural catastrophe – and who foots the bill?

> The contribution of non-life insurance to the economy

Our findings suggest there is a virtuous cycle between levels of non-life insurance penetration, benefits to business and wider GDP growth.

> The insurance of industries

How much do different industries spend on insurance? The research examines the levels of non-life insurance in 16 industries, including transportation, mining, manufacturing, financial services and construction.

> Twitter Q&A

On 5 December 2012, Lloyd’s and the Centre for Economics and Business Research jointly hosted a Twitter discussion on how to bridge the global underinsurance gap. Here you can browse some of the highlights from the session.

Join the Debate

Live Twitter Q&A

On 5 December 2012, Lloyd’s and the Centre for Economics and Business Research jointly hosted a Twitter discussion how to bridge the global underinsurance gap.

See highlights

Infographics

Global Risk Infographics

We have published a series of infographics which summarise the report's key findings in visual form.

The report in pictures

Case Studies

Analysis of the impact & aftermath of five recent natural disasters & the role insurance played in reconstruction.

View case studies

Report

Lloyd's Global Underinsurance ReportThis research shows an annualised deficit of $168bn in 17 countries across the world – many of which are high growth economies.

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