December 2025

Across Asia and the world rapid ageing a growing mental health burden rising fraud risks climatedriven property losses and evolving consumer needs are exposing widening protection gapscreating both an urgent risk and a major opportunity for insurers and policymakers to rethink innovate and strengthen longterm financial resilience

Asia and the world are confronting converging protection gaps—from rapid population ageing in APAC and a global mental health crisis affecting over a billion people, to rising insurance fraud risks, evolving consumer demand for riders in India, and dangerously low property insurance penetration. As longevity rises, mental health burdens deepen, climate risks intensify and medical costs escalate, traditional insurance models and policy frameworks are proving inadequate. Regulators like IRDAI are tightening oversight, consumers are seeking more comprehensive covers, and the need for affordable, accessible protection is becoming urgent. Together, these shifts signal both a systemic risk and a major opportunity: insurers and policymakers who innovate early, strengthen trust, and close coverage gaps can shape a more resilient, financially secure future.