A think tank is recommending mandatory protection insurance for personal and small business loans, a proposal CUNA Mutual is taking up.
In today's market, insurers need to explore other ways to protect consumers. Paul Walsh examines the industry's failures and options.
The protection industry needs to look to affinity groups if it is to grow the market in the face of a lack of public trust, Cuna Mutual has said.
Even if purse strings are tight, Paul Walsh says insurance providers need to take control of protection to regain consumer confidence.