Expense must be tackled to close protection gap: Reardon

The (re)insurance industry cannot burden emerging markets with its
endemic expense problem if it is to effectively close the
protection gap, said Hamilton Re CEO Kathleen Reardon.
Speaking at the International Insurance Society's Global
Insurance Forum in London yesterday, Reardon said the industry
"had to take it back to the fundamentals" to increase
insurance take-up in underpenetrated markets.
"What we can't do is recreate our expense-ridden value
chain that we have in the mature market, with