What is the Protection Gap?

Over 400 natural catastrophe events in 2019 generated economic losses of $232 billion, yet only $71 billion was insured. We need to close this gap – by managing the impact of factors such as climate change – to protect our global communities.

Aon and the insurance industry is committed to finding solutions to close the gap by working with governments, humanitarian organizations and NGOs to protect their people and property before and after catastrophes.

Collaborating to Close the Protection Gap

In collaboration with British Red Cross, partners City of London, ClimateWise and Insurance Development Forum plus sponsors AXA XL, MSAmlin, Pool Re and RenaissanceRe, we hosted a day of discussion and inspiration. Read the agenda and press release

WATCH: When private and public sectors came together to close the protection gap (2.32 min):

Collaborating to Close the Protection Gap - Videos and Presentations


William Russell
Lord Mayor of the City of London


Greg Case
Chief Executive Officer - Aon plc


Lord Bilimoria
President Elect - Confederation of British Industry


Paula Jarzabowski
Cass Business School

View Presentation

Denis Duverne
Chairman of AXA and IDF


Abbas Gullet
Former Secretary General - Kenyan Red Cross


David Lomas
Global Head of BlackRock Alternative Specialists

View Presentation

Christa Davies
Chief Financial Officer - Aon plc


Panel: Building an enabling environment


Panel: Mobilising the private sector


Panel: How to translate commitments to transactions



How trust and successful public-private partnerships rebuilt New Zealand– Sid Miller (EQC)

Protecting global growth and prosperity– Emma Karhan (Aon)

Harnessing the power of finance to address urgent social challenges– Cyrus Ardalan (IFFIm)

Thought Leadership

The seismic impact on the protection gap – Aon

Weather, Climate & Catastrophe report: evaluating 2019 natural disasters – Aon

Overcoming barriers to close the protection gap – new report from Aon, OECD and IDF

The Role of Trust in Narrowing Protection Gap – Geneva Association

Understanding and Addressing Global Insurance Protection Gaps – Geneva Association

The protection gap and large volcanic eruptions (GIMO)  – Russel Blong

Closing the protection gap (GIMO Article) – Liz Henderson

Closing the protection gap (GIMO Video) 1.29 min – Liz Henderson


Closing the insurance protection gap: How Aon is advancing global resilience