All Protection Stories

National Friendly strengthens PMI intermediary proposition

National Friendly strengthens PMI intermediary proposition

National Friendly has appointed Wayne Carter as its Head of Sales and Marketing to help grow its Private Medical Insurance intermediary network.

21 Apr 2017

LV= pays record £77m in protection claims

LV= pays record £77m in protection claims

LV= paid out almost £77 million in new individual protection claims in 2016 - more than it has paid in any other year.

21 Apr 2017

The ‘proper’ approach to protection

The ‘proper’ approach to protection

Protection insurance is rarely just bought; it’s sold. Brokers and lenders have a vital role in ensuring borrowers understand the obligations they’re taking on, and the real risks to their ability to meet them. Unfortunately, the evidence suggests we’re falling short.

20 Apr 2017

L&G pays out £606m for protection claims in 2016

L&G pays out £606m for protection claims in 2016

Legal & General has today released data showing the amount paid out on its individual protection products in 2016.

19 Apr 2017

FSCS: life and pension advisers face "risk of supplementary levy"

FSCS: life and pension advisers face "risk of supplementary levy"

The FSCS will raise an initial levy of £100m for life and pensions advisers in 2017/18, but could raise a supplementary levy due to the volatility of SIPP-related claims.

12 Apr 2017

L&G enhances intermediary protection system

L&G enhances intermediary protection system

Legal & General has announced new upgrades to its protection case management system, Online Protection Connect.

10 Apr 2017

LifeQuote launches new case tracking system

LifeQuote launches new case tracking system

LifeQuote has launched a new case tracking system with real time updates on all cases.

05 Apr 2017

True Potential enters protection market

True Potential enters protection market

Technology and advice firm True Potential has launched a range of protection products available on its own platform, which it says provides advisers with the first end-to-end service of its type.

04 Apr 2017

Royal London sees 28% rise in new life and pensions business

Royal London sees 28% rise in new life and pensions business

Royal London has reported a 28% rise in new life and pensions business to £8,686m, strengthened by strong intermediary sales.

30 Mar 2017

Tenet urges advisers to consider bereavement needs of clients

Tenet urges advisers to consider bereavement needs of clients

Tenet has prompted its advisers to consider the changing face of bereavement allowance and why financial intervention is so important.

24 Mar 2017

 

Protection sales up 14% during 2016

Protection sales up 14% during 2016

According to the latest analysis from Equifax Touchstone, the protection market saw sales rise to £521m during 2016 - a rise of 13.9% from the 2015 total of £457.3m.

22 Mar 2017

VitalityLife announces enhancements to its Serious Illness Cover

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VitalityLife announces enhancements to its Serious Illness Cover

VitalityLife today announced three new and innovative enhancements to its Serious Illness Cover product that the firm believes will lead to more claims and, therefore, more pay outs for customers.

22 Mar 2017

The Exeter pays 94% of IP claims in 2016

The Exeter pays 94% of IP claims in 2016

Income protection insurer, The Exeter, has released its income protection claims statistics for 2016. The headline statistics shows that 94% of all claims received were paid during the year.

22 Mar 2017

First Complete and Pink urge ARs to respond to FSCS consultation

First Complete and Pink urge ARs to respond to FSCS consultation

First Complete and Pink have warned that mortgage and protection customers could end up being the biggest losers if advisers do not respond to the FCA’s consultation paper this month.

20 Mar 2017

Zurich's Matthew Connell joins the CII

Zurich's Matthew Connell joins the CII

The Chartered Insurance Institute has appointed Matthew Connell as director of policy and engagement for both the CII and Personal Finance Society.

15 Mar 2017

Aviva to return capital to shareholders as profits rise 12%

Aviva to return capital to shareholders as profits rise 12%

Aviva has reported a 12% rise in its operating profit to £3bn, underpinned by strong performances from Aviva Investors and its UK and Ireland General Insurance arm.

09 Mar 2017

Scottish Widows launches protection cover on LifeQuote

Protection

Scottish Widows launches protection cover on LifeQuote

Scottish Widows has launched its flexible life insurance products, Scottish Widows Protect, on LifeQuote, the specialist protection service for advisers.

08 Mar 2017

Government plans to fund charities with dormant financial assets

Government plans to fund charities with dormant financial assets

The Association of British Insurers has today welcomed the independent Dormant Assets Commission’s recommendation to use unclaimed assets in the life and long term savings industry to fund charitable causes.

03 Mar 2017

Paymentshield launches adviser introducer scheme

Paymentshield launches adviser introducer scheme

Paymentshield has launched an introducer scheme for mortgage advisers to encourage further engagement with general insurance.

23 Feb 2017

Openwork enhances protection advice process

Openwork enhances protection advice process

Openwork has introduced Personalised Risk Reports to help advisers emphasise the importance of protection to clients taking out a mortgage.

21 Feb 2017

Firm enters £12.5m redress scheme over GI sales

Firm enters £12.5m redress scheme over GI sales

A direct mail order and online business with permission to sell general insurance products has agreed to provide £12.5m redress to approximately 330,000 customers who were sold insurance that the FCA says offered "little or no value".

17 Feb 2017

Stonebridge Group adds AIG and Royal London to panel

Stonebridge Group adds AIG and Royal London to panel

From today, Stonebridge AR firms and members of its DA proposition, Stonebridge Genus, will have access to two new providers, AIG and Royal London.

15 Feb 2017

Source implements GI changes ahead of FCA deadline

Source implements GI changes ahead of FCA deadline

New FCA rules coming into force from 1st April require all general insurance renewal invitations to contain messages to encourage the policyholder to shop around.

02 Feb 2017

L&G pays out £180m through Early Warning System

L&G pays out £180m through Early Warning System

Legal & General paid out £44 million in 2016 as a direct result of its Early Warning System and has now paid out a total of £180.7 million from 2,411 claims as a direct result of the introduction of the system in 2010.

31 Jan 2017

Cover Choice launches dedicated broker site

Cover Choice launches dedicated broker site

Protection and PMI specialist Cover Choice has launched a dedicated broker website for regulated firms that prefer to outsource their protection.

30 Jan 2017

Shorter days, darker nights: Making sure clients are protected this winter

Shorter days, darker nights: Making sure clients are protected this winter

According to the Office for National Statistics’ (ONS) 2015 Crime Survey for England and Wales (CSEW) report, there were an estimated 785,000 incidents of domestic burglary in the UK, with each theft netting an average haul of £2,267.

27 Jan 2017

Employers 'overestimate group income protection by almost 140%'

Employers 'overestimate group income protection by almost 140%'

Employers overestimate the cost of Group Income Protection schemes by nearly 140%, research from Legal & General has revealed today.

26 Jan 2017

VitalityLife launches two new protection products

VitalityLife launches two new protection products

VitalityLife has today announced two innovative new developments for the protection market: Wellness Optimiser and Vitality Nurse.

26 Jan 2017

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