Microinsurance Market — Global Industry Overview (2025)
Market Summary
The Microinsurance Market is witnessing steady expansion as insurers, governments, and NGOs collaborate to extend affordable coverage to low-income populations and underserved communities. Microinsurance provides protection for health, agriculture, life, property, and small businesses against specific risks — typically through low-premium, high-volume models.
With the rise of mobile technology, digital payment systems, and inclusive insurance programs, microinsurance has become an essential pillar of financial inclusion strategies worldwide.
Market Size and Growth
The global microinsurance market is estimated to be worth USD 85–100 billion in 2025, with projections to exceed USD 150 billion by 2032, growing at a CAGR of around 7–9%.