The Chartered Institute of Insurance has some brutal news for the profession. There is a crisis of trust in insurance. Under-insurance is the prime symptom. In the UK one in four homes has no form of home insurance. Fewer than one in three UK citizens has life insurance. It leaves families unprotected and vulnerable. Worse, insurtech start-ups are hammering the incumbents. Globally, there are 1,552 insurtech start-ups.
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