Flying the insurance flag
Source: Asia Insurance Review | Dec 2017
The South Asian countries of Bangladesh, Bhutan, Maldives and Nepal are emerging markets with economic growth moving at a good pace. Likewise, their insurance industries are thriving.
We speak with various insurance players and a regulator, who all echo the common key challenge of a general lack of awareness of insurance. Even where it is known, it is perceived as something optional rather than as a need. Can a change of mindset be achieved by governments and insurers reaching out to the public?