Inclusive insurance and risk financing in Argentina. Snapshot and way forward 2023

Inclusive insurance and risk financing in Argentina. Snapshot and way forward 2023

February 28, 2023

This report presents the main findings of UNDP’s inclusive insurance and risk finance country diagnostic for Argentina. It sets out key risks, the current inclusive insurance and disaster risk finance landscape, and recommendations to advance inclusive insurance, risk finance and development.

Argentina’s top risks include floods, droughts, earthquakes, landslides and volcanic activity. Microinsurance regulations have been in place since 2018, but few insurers market microinsurance products. Better data are needed on disaster risk vulnerability, and current disaster risk financing mechanisms are limited.

Recommendations include continuing to build an enabling inclusive insurance regulatory framework; systematizing disaster information; and developing a disaster risk finance strategy.