Microinsurance Market Continues to Thrive With $20.2 Billion by 2035

Source: EIN Presswire

The global Microinsurance market has witnessed steady growth in recent years and is poised to expand significantly in the coming decade. In 2023, the market size was valued at $6.11 billion and is projected to grow from $6.75 billion in 2024 to an impressive $20.2 billion by 2035, reflecting a robust compound annual growth rate (CAGR) of 10.48 percent during the forecast period (2025–2035). 

The growth is primarily driven by increasing demand for affordable insurance products, rising financial inclusion initiatives, and the growing presence of insurtech solutions in underserved regions.