Insurance Executives Urge Trust Building To Close Protection Gap
Insurance Executives Urge Trust Building To Close Protection Gap

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A recent survey by Economist Impact and SAS reveals that 78% of insurance executives believe the industry has an ethical duty to address the $1.8 trillion global protection gap, largely caused by dwindling consumer trust. While they see technology as a way to enhance accessibility and reduce costs, 76.5% cite trust issues, driven by insurers’ retreat from disaster-prone areas and data privacy concerns, as major barriers. Source and details of the news

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