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: Video message from The Prince of Wales (9 min):

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

 

Blogs

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

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

Capabilities

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