On the Affiliation of British Insurers Annual Convention at present, Allianz UK CEO Colm Holmes claimed the insurance coverage trade is doing a “poor job” of explaining the explanations for prices of premiums.
Within the session We’re All in This Collectively – Selling entry to reasonably priced insurance coverage via partnerships, he mentioned: “If any individual’s not listening to your message, don’t blame the listener, blame the particular person giving the message.”
The panel, hosted by Ken Norgrove, deputy president of the ABI and RSA CEO, highlighted it has been “tough occasions for insurers”, with the affordability of insurance coverage having to be balanced with rising danger and inflation pressures on price.
Holmes highlighted that the price of
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