Post by Bank of England

What happens when insurance falls short? Cyber-attacks, floods and wildfires are leaving more people and businesses exposed. Our latest insight looks at insurance protection gaps and what they mean for affordability, availability and financial stability. As the regulator of insurers, the Prudential Regulation Authority (PRA) doesn’t tell firms what to cover. Its role is to support a safe, competitive market and bring the right people together where gaps emerge. Read how protection gaps affect households, businesses and the wider economy, and what can help close them: https://lnkd.in/eUX2bxde