The lack of insurance coverage, particularly in areas where it’s either inaccessible or too expensive, poses a significant challenge.
According to a recent survey conducted by Economist Impact and SAS, a striking 78% of insurance executives acknowledge an ethical responsibility to address the $1.8 trillion global protection gap. This substantial gap represents the difference between insured and uninsured losses worldwide. Critically, the survey also revealed that 76% of those surveyed view this gap as a “significant” business opportunity.
