Ecclesiastical: Underinsurance still a problem in HNW
Head of art and private clients Giles Fairmann urges industry to raise awareness of underinsured contents as provider targets growth in HNW sector.
Giles Fairmann, head of art and private clients at Ecclesiastical Insurance, has highlighted the problem of underinsurance in the high net worth (HNW) insurance sector.
"As an industry we still haven't got that right," Fairmann told Insurance Age.
"People can still be underinsured on the contents side because they don't really consider what they've got. There's some work still to be done by the industry about raising the awareness of that."
Ecclesiastical recently launched its Art & Private
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