Survey Reveals Consumers Distrust Brands Aligned with Trump

A recent survey by Economist Impact and SAS found that a significant majority of insurance executives believe they have an ethical obligation to address the global protection gap, with 78% agreeing on this responsibility. This gap, which represents the difference between insured and uninsured losses, is estimated at $1.8 trillion for 2022, with a 60% protection gap for natural disaster losses projected for 2024. Despite this consensus on ethical responsibility, executives also cited a lack of trust in the insurance industry as a major barrier to closing the gap. Additionally, more than 40% of those surveyed see business opportunities in addressing this issue. The findings highlight a dual focus on ethical obligations and business prospects among industry leaders. Overall, the results underscore a pressing need for the insurance sector to rebuild trust and leverage opportunities in the face of significant global protection challenges.