Monica Woodley | March 4th 2013 | @EG_Finance
The insurance industry has not suffered the same reputation-damaging scandals as the banking industry, however, for some consumers, as insurers are financial institutions they have been tarred with the same brush – and need to prove their worth.
In a recent survey conducted by the Economist Intelligence Unit, insurers agreed that they have a duty to contribute positively to society. However some quite bravely admitted that they are not meeting their societal responsibilities. What’s getting in their way?