WAS 2017 A REFERENCE YEAR IN REDUCING THE INSURANCE GAP?

Abstract

Reducing the Insurance gap remains a prior issue for the market. All interested parties work together to put into practice solutions, which on one hand will render insurances more accessible to the public – for example concerning their distribution – and on the other hand to increase the awareness of the existing risks, thus stimulating the purchase of insurances. All market entities are implied in a project under the leadership of PAID (the Insurance pool against natural disasters), which will offer operational solutions for efficient and quick payment towards the owners of compulsory insurances, in case of a major event. A very important step has been made in 2017 by including the insurance brokers in the distribution system of the PAID compulsory insurance policy, a change that would allow a better distribution by using the extended sale networks of the insurance brokerage houses.