Learning from efforts to reduce the Protection Gap
The protection gap, the gap between total economic losses and the amount that is insured, is a significant and persistent challenge. Although many initiatives have been launched to reduce it, the protection gap remains particularly high in Asia compared to other regions and continues to grow.
GAIP's first paper on this topic, published in April 2023, discussed the concepts, definitions, calculations, and dynamics of protection gaps, as well as the relationship between the gap itself and the motivation of a range of stakeholders. The paper also briefly described the three categories of solutions that need to be considered holistically, in order to reduce protection gaps.
As a next step in GAIP's discussion on this topic, we have gone on to explore and study the three categories of solutions in more detail, seeking to understand what has been done, and what are the learnings to be gleaned from them. As many of these solutions can include Public-Private Partnerships (PPPs), we also include an investigation into the role of PPPs in reducing the protection gaps.
Author: Craig Thorburn
[15 October 2026], Singapore — Peak Re has joined the Global Asia Insurance Partnership (GAIP) as a Principal Partner, reinforcing its commitment to addressing protection
[8 October 2026], Singapore — The Global Asia Insurance Partnership (GAIP) today announced that Lloyd's Asia has joined the Asia-focused, neutral tripartite platform as a
By Min Hung Cheng 9 September 2026 In risk resilience work, it is easy for human consequences to become technical categories. Loss becomes a number.
[2 September 2026], Singapore — The Global Asia Insurance Partnership (GAIP) today announced a strategic partnership with Cathay Life Insurance Co., Ltd. (Cathay Life), which
[24 August 2026], Singapore — Team Hong Kong from the Hong Kong University of Science and Technology emerged as the winner of the Global Asia
By Min Hung Cheng 23 July 2026 When faced with a complex risk issue, we often say that we should “go back to first principles.”
