Insurers could take on social insurance role

Scott, Tracey
July 2009
Money Marketing;7/30/2009, p7
The article reports on the role of the insurers in helping to save the welfare state up to 17 billion pounds in a year in Great Britain. This is a proposal drafted by the Insurance Industry Working Group, which stipulates that the private sector should take five percent points of the risks, then it could help provide a budget for unemployment, ill health, and retirement income. Due to the economic deprivation, this would seem impossible since the insurers might have second thought about it.


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