2024-06-18 10:07:53
Regardless of a rising variety of Ecuadorians recognizing the significance of getting insurance coverage, solely 34% have medical insurance and 24% have life insurance coverage. Discover out what Ecuadorians’ relationship with insurance coverage is like.
“Security and Safety: What Latinos Care About Defending,” a examine that explores folks’s perceptions of insurance coverage and preferences when buying a coverage.
The survey confirmed that what issues most to them is defending Ecuadorians is “the household”, particularly his fast household nucleus (72%), adopted by mother and father (23%). One other of his priorities is to guard his property.
Essentially the most treasured property to them are their casa with 56% and its automotive with 24%.
This imaginative and prescient displays a deep notion of safety, by which folks and property are framed in an idea emotionally rooted within the household tradition in Latin America.
A home isn’t just a bodily house, however a house; A automotive isn’t just a automobile, however a facilitator of day by day actions; and the journeys They’re valued for the experiences they generate, past easy displacement.
A notable facet is the discrepancy between the popularity of the necessity for cover and the efficient actions to implement it. Solely 45% of respondents have taken concrete measures on this regard to guard their household and 38% their property.
These findings permit us to conclude that there’s an necessary hole between safety and motion. The
Ecuadorians usually are not taking measures to guard what issues most.
«In our area, feeling good and being calm within the face of unexpected occasions and the long run, makes us
“We see that for Latin Individuals, safety is an emotional idea, so the presence of insurance coverage of their lives must be of that very same nature,” stated Marcos Gunn, senior vice chairman, Chubb Group.
What retains Ecuadorians and Latin Individuals awake at evening relating to their funds and insurance coverage?
The financial stability in outdated age and pension financial savings is a transversal concern within the 9 nations surveyed within the examine: Colombia, Mexico, Panama, Ecuador, Puerto Rico, Brazil, Peru, Chile and Argentina.
Medical emergencyjourneys and once they have suffered a automotive accident They’re additionally conditions the place they’ve felt insecure and weak.
As a result of it’s preferable to anticipate issues than to face the results, we ask in what conditions
They might have preferred to be insured.
Nearly all of respondents point out that once they have traveled (46%) as one of many important conditions by which they might have preferred to be insured, adopted by a medical emergency (44%) and once they have suffered a visitors accident (40%).
The 11 important findings about Ecuadorians’ relationship with insurance coverage
● The overwhelming majority of Ecuadorian customers (72%) report that defending their fast household
(spouse and youngsters) is a very powerful factor when taking out insurance coverage, adopted by your mother and father (23%); nevertheless, simply
45%, lower than half, have performed to guard them.
● When speaking about materials items, the hole between the significance of defending them and concrete actions is
a lot smaller. Solely 38% of respondents took motion.
● 56% of respondents stated they care about defending their home or dwelling with insurance coverage, adopted by automobiles
(24%) and well being (15%).
● Three out of 4 respondents (77%) say that insurance coverage permits them to have peace of thoughts when confronted with an occasion
sudden.
● When speaking about what it means to really feel protected for Ecuadorians, half (52%) say it’s “having
peace of thoughts or feeling good.” Whereas “Feeling protected by some establishment” reaches 33% of the
responses, the place insurers play an necessary function.
● 46% of Ecuadorians declared that they didn’t have any kind of insurance coverage, whereas 34% stated that
had a well being one and 24% had a life one.
● For his or her half, when fascinated by the insurance coverage that they don’t have contracted, 39% indicated that they wish to have
one for all times, 35% stated they bought one for well being and 29% had been inclined in the direction of the opportunity of taking out a coverage
towards accidents.
● We discovered within the examine that folks regretted not having insurance coverage at numerous instances of their lives,
primarily once they have needed to go to the emergency room of a clinic (46%), once they have suffered an sickness
critical (44%) and once they have traveled (43%)
● When asking customers what their most well-liked procurement channel is, most markets
Chubb’s Latin Individuals indicated that via an agent. In Ecuador, 56% favor to rent their
safety via an in-person advisor, whereas 21% would select to go to an workplace of the
insurer and 15% would do it via a web site.
● The survey reveals optimistic modifications within the notion of insurance coverage. 76% of these consulted see the insurance coverage
as an funding, not as an expense.
● When requested if customers take motion fascinated by the long run, 54%
affirmative solutions. (J.S.)