Making connections
While in 2005 the Investment andFinancial ServicesAssociation’s (IFSA) national conference in Brisbane dealt with the general question of under-insurance, this year’s conference will look closely at the question of risk.
IFSA chief executive Richard Gilbert says delegates to the conference will be able to get a picture of the situation regarding risk in Australia, and then make comparisons with the situation in the United States and the United Kingdom.
The data is expected to generate considerable debate in circumstances where there have been suggestions of a ‘disconnect’ between the needs of the market and the types of product that insurance manufacturers have been producing.
Last year’s IFSA conference was told Australia faced a considerable underinsurance problem and that it was something that needed to be seriously addressed by the major insurers and the financial services industry in general.
It is understood that data to be presented to the conference will reveal that underinsurance remains a serious ongoing issue, albeit one that some progress appears to have been made on.
AUTHOR
Mike Taylor
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