Underinsurance and the Insurance Industry

Underinsurance isn’t a new concept and has always been an issue for insurers, brokers and businesses of all sizes. But given the events of the last year – namely the pandemic and Brexit - businesses might be facing more underinsurance than ever before.

Businesses have had to adapt their businesses; with their employees working from home or changing how they provide their products. But as a result of these changes, businesses may have new requirements for their insurance coverage which hasn’t been considered. 

Steph McGovern explores underinsurance and its impact on the insurance industry with:

Simon Parrish, Head of SME Underwriting at Allianz UK

Graeme Trudgill, British Insurance Brokers Association - Main Board Director

David Perry, Managing Director at the Federation of Small Businesses, Insurance Service

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