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%).