How affordability can boost financial inclusion in insurance services


Financial inclusion is a priority for all modern, innovative businesses. Helping to widen the net to those, who up until now, have been unable to access services and products, and being able to make accurate decisions based on those customers' information, is an integral part of any strategic plan. When we think of financial exclusion we tend to focus, quite rightly, on those who are excluded from mainstream financial products such as credit cards and loans. To highlight how substantial an issue it is, Experian estimates there are nearly 6 million adults in the UK who are'invisible' due to a lack of, or limited, data contained within their credit report. However, financial exclusion has many dimensions and isn't just limited to those who struggle to access credit.

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