Analysis

Insurers going that little extranet to tackle rising underinsurance

By 2024-11-20T08:00:00

underinsurance rebuilding roof

With insurers agreeing on the persistent risk of underinsurance, they discuss the suprising benefits of eTrading in addressing the issue

Underinsurance remains a major issue for the market, with many insurers now looking to use technology to close the gap.

Brokers and underwriters recognise the growing issue and potential impacts of it, with Gallagher having undertaken research that found over four in ten (46%) commercial properties were underinsured, with the average shortfall being 40%.

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