America Is World’s Most Uninsured Country

More than $221 billion of global property goes uninsured every year — and the majority of that is in the United States. According to the Swiss Re report “Underinsurance in property risk: closing the gap,” America is the world’s most uninsured country, with vast swaths of property under- and unprotected against natural disasters. The rest of the world is not doing much better — Japan and China are also dramatically underinsured, and emerging markets like the Philippines or Brazil are also facing low insurance penetration.