America Is World’s Most Uninsured Country
Wednesday, September 30th, 2015 Catastrophe Liability Property Risk ManagementMore 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.
External References & Further Reading
http://www.ibamag.com/news/americas-most-uninsured-and-underinsured-risks-swiss-re-25311.aspx
