Asia Pacific: populations feel underinsured
Swiss Re has recently conducted an opinion survey in twelve Asia Pacific markets. The purpose was to better understand consumer behavior after the Covid-19 pandemic.
According to the survey results, many people feel underinsured and are looking for more protection. Between 30% and 40% of respondents have underwritten complementary life and health insurance during the crisis.
Another observation is that a significant proportion, between 25% and 50% of respondents, are considering underwriting new policies.
The survey results also show that the need for coverage is higher in emerging Asian countries (56%) than in those with more developed economies (20%).
Read also | Global insurance market in 2020
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