Customers struggling to afford insurance premiums: survey

Six out of 10 British insurance professionals have been contacted by consumers who have struggled to afford their insurance payments due to the impact of covid-19, according to the results of a survey published this morning. A survey of 221 Chartered Insurance Institute (CII) members in June showed 61 per cent had heard from consumers who could no longer pay their insurance premiums as their finances had been hit by the economic fallout of Covid-19. Four out of 10 (39% or 87 insurance professionals) had not heard from any consumers struggling to afford cover because of the pandemic. ...