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 ServiceSee omnystudio.com/listener for privacy information.