Gen Z is the most uninsured generation

Expense main barrier

Cameron Roberts
clock • 1 min read

Research by financial services review site, Smart Money People, showed that Gen Z is the most uninsured generation, with 17% having no insurance policies in force.

In comparison to the 17% of Gen Z who are uninsured, 9% of Millennials have no insurance products. The research showed that 24% of Gen Z have life insurance, lagging behind health insurance which sat at 30%. This focus on health was also reinforced by the 17% of Gen Z who said they had dental cover. The top reasons for not taking out insurance were: it was too expensive (30%), doubt they will ever claim (14%) and they find it too confusing (12%). Protection may not feature prominently for Gen Z as the traditional touchpoints for contact with the market have become more difficult fo...

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