Strategic global view: Closing the global insurance protection gap
Source: Middle East Insurance Review | Jan 2015
Underinsurance goes beyond the missed commercial opportunity for insurers. When insurers only absorb a fraction of economic losses from disasters, stakeholders will inevitably start questioning the social purpose and utility of the industry. Therefore, the industry needs to step up its game, argues Dr Kai-Uwe Schanz of Dr. Schanz, Alms & Company and co-author of the recently published Geneva Association report, "The Global Insurance Protection Gap".
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