Microinsurance to hit $98.56b in five years

APAC will likely be driven by increased demand in embedded insurance.

The microinsurance market is projected to register a compound annual growth (CAGR) of 5.97% through 2030, according to a Mordor Intelligence report.

The market was valued at $73.76b for 2025, and will likely reach $98.56b in five years, driven by rising mobile money use, inclusive-finance regulations, and insurtech innovations that reduce distribution hurdles.

“Asia-Pacific, on the other hand, is quickly becoming one of the most dynamic insurance markets,” the report said.

The region’s growth will likely be influenced by demand for embedded, on-the-go protection, while faster approval processes in countries like Indonesia are enabling insurers to innovate and roll out new products more efficiently.