Swiss Re has revealed a €10tr gap in European life insurance coverage and believes the industry needs to be bolder in selling the affordability and benefits of life cover.
The research also reveals that Britain hosts the third largest mortality protection gap in the continent, behind only Germany and Sweden. The reinsurer's European Insurance Report 2010 questioned 11,000 people across 12 countries and found that hundreds of thousands of people across Continental Europe do not have enough life insurance. According to the study, only 11% of respondents across Europe claim to be "well positioned financially" if they die or suffer a long-term illness or disability. But its findings unveiling a close link between Brits and their continental cousins, as i...
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