The subprime crisis which hit the United States in summer 2007 and morphed into a full blow global financial upheaval in autumn 2008 has taken a heavy toll on the insurance industry. Some industry players with significant financial markets and banking operations were seriously damaged by the...

Contrary to general belief, protection gaps are not limited to developed and emerging countries but are also common in advanced economies. A customer survey of The Geneva Association in seven mature economies revealed that people widely understand the fundamental notion of insurance and its...