Protection News
Ageas Protect has announced two key appointments to its senior management team, supporting the company’s appetite for continued growth.
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AXA PPP healthcare is enhancing its support for policyholders affected by cancer or by heart disease.
A quarter of the properties in the UK that are at risk of flooding – worth a total of £214bn – could be left uninsured this year.
Ageas Protect has improved the terms and conditions of the critical illness policies held by existing policyholders including, in some cases, claims already paid.
Aviva has launched an online resource for advisers to help them understand how group risk benefits can bring protection to their corporate customers.
Mortgage brokers who fail to write life insurance policies in trust for their clients are not treating customers fairly.
Providers of individual protection products are failing to meet advisers’ expectations in eight of the 10 most important aspects of service.
Paymentshield has launched an intermediary website which brings together Paymentshield’s quote & apply system and supporting information.
PruProtect will offer premium reductions for Life, Serious Illness and Income Protection plan holders who have a policy for at least five years.
Protection products will get simpler and more gender-specific after regulation set to be implemented in 2013 kicks in.
A guide to the business protection market for advisers has been launched by financial research company Defaqto.
Bright Grey has launched a free iPhone app called Bright Touch that allows advisers to access product information.
Dan Saulter has been appointed chief executive office of Towergate Insurance following Ian Darby’s decision to step down in order to pursue other interests.
Households significantly undervalue the contents of their home, underlining the need for people to assess the cumulative value of all of their belongings.
Consumers should be wary of new versions of Payment Protection Insurance which could be sold unfairly like their predecessor, says the Mitchell Farrarr Group.
Bright Grey and Scottish Provident have seen new business levels increase 21% to £98m up from £81m over the three months to 30 September while applications were up by 16%.
General insurance distributor Select & Protect is piloting back office sales support for selected brokers wanting to increase their general insurance penetration.
The cost of a typical home buildings policy rose to its highest ever level over the three months ending 30 September 2011.
Aviva is offering customers a greater level of cover with enhancements to its critical illness insurance.
LV= has reduced the amount of time it takes to complete protection business sold through IFAs.
Weather conditions are affecting home insurance claims, with insurers seeing a rise in weather-related claims.
Industry protection experts have made some key recommendations on how to increase the appeal of critical illness products for consumers.
Legal &General has launched an exclusive deal with Lifetime Legal Services, to provide a new ‘one stop legal shop' for its business protection clients.
Stonebridge Group, the mortgage and insurance network, has today introduced a new life and protection panel to run alongside its existing whole-of-market offering.
The Financial Ombudsman Service has called for the Financial Services Authority to investigate sales of reviewable whole of life policies after rising complaints.
A discounted professional indemnity insurance scheme has been offered by MortgageStream for mortgage, life and general insurance brokerages in partnership with specialist provider Collegiate Underwriting.
Lifesearch has broken the £1m profit barrier for the first time and appointed David Child as its new managing director.
Intermediaries can now offer their clients new general insurance products to provide coverage for everything from bicycles and travel plans to electronic gadgets, thanks to Assurant Intermediary’s link-up with Protectyourbubble.com.
New research from comparison site Gocompare.com reveals that 1.5 million households may not have enough life cover to pay off their mortgage if either partner were to die.
Openwork’s protection panel, Openwork Select, has attracted almost half of the network’s total advisory force in the 12 months since launch.
The British Insurance Brokers’ Association has announced that Andy Homer will replace Patrick Smith and become chairman of the trade association in January 2012.
Exeter Family Friendly has reacted to the recent ECJ gender ruling and removed a premium structure which priced according to gender.
Paying monthly for home insurance can add an average 11.89% to the cost of the original premium with some insurers.
Next Intelligence has brought together four of the best insurers to launch a brand new life protection panel specifically designed for the Directly Authorised market.
Legal & General has launched the UK’s first dedicated protection app for iPhones and iPads.
Select & Protect has recently made three key appointments to its field based sales team.
Largemortgageloans.com has announced a new agreement with Paymentshield to deliver its large loan referral services to their members as part of its expanding partnership programme.
PruProtect has admitted that making protection compulsory for everyone “may not be an easily achievable reality” after saying last week it would lobby for mandatory protection.
Legal & General has launched a new integrated healthcare solution to further help employers protect the wellbeing of their staff.
Select & Protect has reduced rates on its mortgage payment protection insurance product by 20%.
Jump Money, the nationwide financial advisers, has introduced a three-tier structure for its protection and general insurance advisers to progress through.
Assurant Intermediary has announced the schedule for its regular free weekly training webinars launched earlier this year.
Legal & General’s general insurance business has announced the appointment of Mark Holweger to the new role of broker & intermediary director.
Two thirds (66%) of IFAs believe their clients with no protection products in place would turn to emergency savings in order to fund their living should they become unemployed or have a critical illness.
Most pure protection contracts (89%) were sold through non-provider firms acting as intermediaries during 1 April 2010 and 31 March 2011 according to the Financial Services Authority.
Income and savings are falling as debt is increasing, yet families still fail to protect themselves against the unexpected.
Zurich has released its critical illness claims figures for its life policy holders for the first six months of 2011, with payments amounting to £43.7m.
With all the competition in the home insurance market, brokers may feel that they don’t stand a chance when it comes to renewal dates but this isn’t the case.
Scottish Provident paid out £47 million for critical illness claims in the first half of 2011.
LV= paid out 93% of critical illness and income protection claims in the 12 months to June 2011.
Bright Grey paid an average of £77,000 on 90% of critical illness claims in the first six months of the year, with only 4% of claims declined for non-disclosure.
Pink Homeloans has doubled sales of life assurance and protection in six months from January to July after expanding its panel in Q2 and retraining all its ARs.






