This 'At a Glance' focuses on the insurance landscape in the Pacific region.
Across the Pacific, many people lack access to formal insurance. Insurance acts as a safety net for households in times of crisis, helping to smooth cash flows and lessen the impacts of financial shocks that accompany the death or disability of a breadwinner, health and funeral expenses, or the loss of property. Not surprisingly, Pacific Islanders who are most vulnerable to economic shocks are currently least able to be insured.