ABI calls for greater backing

The insurance industry needs to do more to promote protection, according to the Association of British Insurers (ABI). Research commissioned by the trade association showed nearly 70% of the 3,624 adults surveyed would not be willing to take out protection insurance. The study, carried out by YouGov between 25 June and 1 July, found people were pessimistic about the current and future economic climate. However, despite this concern, consumers are failing to consider protection insurance products that would support them in the event of redundancy. The study also revealed that 92% of peop...