Asia is severely underinsured,
and highly vulnerable to catastrophic losses.
However, conventional ways of insurance have met with limited success in developing communities
01 | Difficult to Understand
Communities of developing Asia have varying literacy rates and limited understanding of insurance products lined with jargon-filled policy terms.
02 | Long and Tedious Claims Processes
Post-event claims processes are tedious and time-consuming, depriving communities of immediate funds to rapidly recover from a devastating event and regain their livelihoods.
03 | High Affordability Gap
As administrative costs of conventional insurance do not scale down significantly in low-premium environments, most communities are unable to afford insurance when left to free market forces.