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Underinsurance in property risk : closing the gap

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      <subfield code="a">Underinsurance in property risk</subfield>
      <subfield code="b"> : closing the gap</subfield>
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      <subfield code="a">This report estimates a property protection gap of some USD 221 billion annually. The bulk (USD 153 billion) derives from underinsurance for natural catastrophe risks, mainly earthquake, flood and windstorm exposures. Out of these, the largest uninsured natural catastrophe exposures are in the US, Japan and China. In the emerging markets, insurance penetration is lower and a greater share of catastrophe losses are uninsured there. The remainder of underinsurance relates to general property risks, including fire, business interruption, and non-flood water damage</subfield>
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