The Association of British Insurers' (ABI) new director general, Hannah Gurga, has suggested that insurers and long term-saving plans can play a vital role in alleviating the challenges faced within the social care and climate risk market.
Speaking at the ABI's annual dinner on 21 February, Gurga addressed social care and climate-related issues as a target point for the organisation and expressed that the traditional insurance model "cannot handle climate risk alone." She explained that with an ageing population, more people will require social care cover for longer, and ultimately need to plan for their future care costs from a much earlier age. This problem, Gurga noted, is not one the "industry could, or should, tackle alone", but together through collaboration, with other like-minded groups. In January, the ABI m...
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