CII says government can’t offer “zero failure” insurance regime
Body says higher taxation should provide a safety net to enable the country to avoid suffering.
A survey by the Chartered Insurance Institute (CII) has found that just over half of insurance professionals have warned it is not economically sustainable for the government to continue to step in as an insurer of last resort.
A survey of 476 Chartered Insurance Institute members conducted in October showed 54 percent do not feel the government can continue to provide a safety net for everybody financially affected by Covid-19.
Catalyst
Keith Richards, chief membership officer of the CII
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