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Microinsurance Market Size was valued at USD 96.86 Billion in 2024. The Microinsurance market is projected to grow from USD 102.86 Billion in 2025 to USD 176.79 Billion by 2034, exhibiting a compound annual growth rate (CAGR) of 6.2% during the forecast period (2025 - 2034). A growing number of microinsurance start-ups entering the market with creative microinsurance plans, as well as the introduction of new and creative marketing and sales channels for microinsurance, are the key market drivers enhancing the market growth.
