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Protection News

Roger Edwards joins Protection Review

Protection Review, the independent protection consultancy established in 2003 by co-chairmen Peter Le Beau and Andy Couchman, has appointed Roger Edwards as marketing director.

ScotWid reveals adviser protection details

Scottish Widows has revealed its adviser protection product details following the news last week that the brand planned to re-enter the adviser market.

ScotWid to relaunch protection via advisers

The long anticipated re-entry of Scottish Widows into the adviser protection market is set for a few weeks’ time when the provider will launch a full range of products via intermediaries.

PPI complaint deadline looks set for 2018

The Financial Conduct Authority has confirmed it will consult by the year end on a deadline for consumer payment protection insurance complaints with a deadline likely to fall in spring 2018.

Insurers pay out more than ever

UK insurers have paid out the equivalent of £77m in insurance claims every day of the year, according to the Association of British Insurers’ Key Facts 2015 survey.

Uinsure improves GI compliance tool

General insurance provider Uinsure has launched a series of enhancements to its Defaqto Compare Tool in order to help brokers meet Financial Conduct Authority compliance requirements.

SPECIAL FEATURE: The PPI deadline rumour

Nick Baxter, non-executive independent chairman, Professional Financial Claims Association, takes a careful look at Lewis and Lloyd’s PPI deadline ‘rumours’.

Canada Life re-enters life market

Canada Life, which exited the intermediated individual life market nine years ago, has re-entered with four plans using the CanLife Protect brand name.

L&G paid over £160m in GI claims in 2014

Legal & General paid over £160m in general insurance claims in 2014 – with figures showing that the insurer made over 80,000 claims payments to customers who registered a household insurance or lifestyle cover claim last year.

Four in ten parents of under-18s have no life insurance

Research from Sainsbury’s Bank Life Insurance provided by Legal & General reveals that four in ten (40%) parents with children under the age of 18 do not have any life insurance in place.

F&TRC launch life insurance ratings

F&TRC has launched a product ratings service to help advisers and employers understand which providers are offering the most suitable and comprehensive protection recommendations for their clients.

Paradigm Protect teams up with ActiveQuote

Paradigm Protect has formed a new introducer relationship with health insurance advice specialists, ActiveQuote.

Bipolar sufferer to benefit from 7 Familes campaign

According to Bipolar UK 1% to 2% of the population experience a lifetime prevalence of bipolar and recent research suggests as many as 5% of us are on the bipolar spectrum.

MoneySuperMarket renews contract with LifeSearch

Leading comparison website MoneySuperMarket has renewed its long term contract with protection intermediary LifeSearch to provide independent protection advice to its customers.

Aegon: Promote claims stats better

Aegon UK wants the protection industry to boost consumer trust and confidence by better promoting claims statistics after research found 77% of consumers weren’t aware of the current strong rate of payouts for protection policies.

Health practitioner 5th recipient of Seven Families

Until last summer Graeme Snell was a fit and healthy Hartlepool United fan. He worked full time as an advanced health and wellbeing practitioner and described himself as being very fit.

John Bridge to retire from Cirencester Friendly

John Bridge, sales and marketing director of Cirencester Friendly, has made the decision to retire from the business following a short period of illness.

Homeowners warned not to ignore insurance

Lack of insurance is the latest threat to already-stretched UK homeowners, PG Mutual has warned.

Friends Life makes CIC improvements

Friends Life has improvements to its CIC product with a clear focus on continuing to offer top of the market cover, writes Alan Lakey, director, CIExpert.

Santander to withdraw general insurance offering

Santander is withdrawing its general insurance offering through intermediaries from 31 March to focus on its mortgage proposition.

LifeSearch aims for partnership status

LifeSearch chief executive Tom Baigrie has revealed he’s aiming to take the protection brokerage to partnership status within five years – meaning all of its employees would enjoy a share in its profits.

Seven Families reports rise in income protection enquiries

Seven Families has reported that the protection industry saw a rise in income protection enquiries towards the end of 2014.

Uinsure launches largest ever survey

Uinsure is set to undertake its largest ever broker survey.

New collective claims data available for advisers

F&TRC, the financial services research specialist, today announced that new and updated protection claims data is now available to advisers on its research platform.

90pc of HIV positive people would consider IPP or CIC

Nine out of 10 HIV positive people would consider taking out income protection or critical illness cover if it became available in the market place, research from Unusual Risks, the medical financial advisers reveals today.

Injured police officer to benefit from Seven Families

In 2013 Nikki Thornley’s husband turned 40. To celebrate they decided to head off around Europe, child free for a couple of weeks, on two motorbikes. Unfortunately they never made it out of Scotland as Nikki was paralysed in a motorcycle...

Safe & Secure launches Vegas competition

The UK’s number one insurance brokers Safe & Secure is set to give 10 lucky brokers the chance to win an all-expense paid trip to Las Vegas with its brand new competition.

British Friendly pays 96pc of IP claims

British Friendly has paid over 96% of more than 5,000 income protection claims over the past five years.

Vitality kicks off rugby partnerships

Vitality has been announced as the Official Wellness Partner of England Rugby, Scottish Rugby and the Welsh Rugby Union ahead of the 2015 RBS 6 Nations Championship, which kicks off this weekend.

Uncertain future for staff at Select & Protect

Staff at insurance provider Select & Protect are under the threat of redundancy as the company restructures to enhance its offering to brokers.

Uinsure awarded Defaqto 5-Star rating again

GI provider Uinsure has been awarded a Defaqto 5 Star rating for the second year running.

Uinsure and LMPS link up for GI

Uinsure has been named as the preferred GI provider for Lighthouse Mortgage & Protection Solutions advisers.

Paymentshield launch home emergency discount

Paymentshield is offering a 50% discount on its home emergency cover which can be purchased as part of its home insurance product.

iPipeline unveils Solution Builder

Openwork advisers will be able to help customers purchase multiple forms of protection after iPipeline partnered with the network to launch "Solution Builder".

Uinsure and Julian Harris partner on GI

Julian Harris has appointed Uinsure as a preferred provider of GI services to its members.

SPECIAL FEATURE: Insurance fraud ? a year round crime

Kevin Paterson of Source Insurance looks at why it should be remembered that insurance fraud is a year round crime, not just a seasonal one.

LV= to host IP seminars

Protection specialist LV= is hosting nine income protection seminars for advisers who want to look at how they can boost their income protection sales.

Paymentshield: broker support is strong

Paymentshield has hit back at claims that brokers are starting to move away from the insurer as parent firm Towergate continues to search for a new buyer.

Brokers start to turn away from Towergate

Brokers are starting to turn away from insurance provider Towergate, the company behind Paymentshield and John Charcol, as rumours of financial uncertainty continue to plague the firm.

Advisers predict protection surge

Advisers expect demand for protection to increase over the next twelve months, research by IRESS has found.

Critical illness pioneer Marius Barnard dies

Doctor Marius Barnard, the inventor of critical illness insurance, died this morning.

SPECIAL FEATURE: Household premiums drop

Kevin Paterson, MD at Source Insurance, looks at the factors driving the cost of household cover down

Seven Families Campaign goes live

The Seven Families Campaign, a charity-led campaign to raise public awareness of the financial impact of long term illness or disability, has launched today.

Aegon UK joins Seven Families

Aegon UK has become the latest provider to pledge its support to the Seven Families income protection campaign.

Cirencester’s My Earnings Insurance added to The Exchange

Cirencester Friendly’s new income protection contract, My Earnings Insurance, has been added to IRESS’ The Exchange.