Most uninsured properties are located in areas where insurance in unavailable or unaffordable. (Credit: bilanol/Adobe Stock)
Among insurance executives, 78% believe the industry has an ethical obligation to close the $1.8 trillion global protection gap, according to a new survey from Economist Impact and SAS.
The protection gap — the difference between insured and uninsured losses worldwide — also represents a “significant” business opportunity according to 76% of those surveyed.
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Corey Dahl
Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].
