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Protection News

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.

SPECIAL FEATURE: White lie or blatant fraud?

Mick Cairns, insurance director at The Source Insurance, on one in five UK householders admitting to having lied or withholding information when applying for home insurance.

Zurich launches support service

Zurich has launched a free and confidential support service for its protection customers and their immediate families, available throughout the lifetime of their policies.

Students urged to study their protection options

As students go to university for the first time, their parents need to make sure their belongings are covered.

Beagle Street kicks off CI upgrade race

Beagle Street, the online insurer that entered the market in July 2012 has kicked off this seasons critical illness upgrade race, writes Alan Lakey, director at CIExpert.

UnderwriteMe technology revolution up and running

UnderwriteMe has gone live with its technology for the first time with Exeter Family Friendly, Scottish Provident, Scottish Friendly and SunLife now using the software within their own propositions, with three further insurers set to go-live...

PruProtect gives new customers 5pc off premiums

PruProtect is offering all new customers buying one of its Vitality Optimiser products 5% off premiums.

Paymentshield launches ‘Home Sweet Home’ toolkit

Insurance provider Paymentshield has launched the ‘Home Sweet Home’ campaign to assist in offering home insurance to first-time buyers.

Podcast lifts the lid on Seven Families initiative

In the tenth edition of the Marketing Protection and Finance Podcast, Roger Edwards of Roger Edwards Marketing, discusses the Seven Families Initiative, an ambitious and trailblazing campaign to promote Income Protection, with Peter Le Beau...

Paymentshield launch home buyer's protection deal

Paymentshield has today launched a new protection product, specifically targeted at those buying a new home or moving house.

Mystery surrounds LV= departure

Iain Clark, former managing director of LV=’s protection business, was replaced today by Myles Rix.

Borrowers at financial limits

News that wages have grown at their slowest rate- 0.6% - since records began has prompted British Money to remind lenders that borrowers are at their financial limits and unlikely to pay loans if an income goes.

Cardif Pinnacle expands team

Protection provider Cardif Pinnacle has appointed Hein Kuiper as its chief marketing officer, a newly created role.

Exeter Family Friendly smooths service

Income protection provider Exeter Family Friendly has increased the medical underwriting limits for its plan for low risk workers, Income One, to make the application process quicker for advisers and customers.

AXA: Landlords must protect themselves

UK landlords must protect themselves from rogue tenants by carrying out the necessary checks, AXA has urged.

LV=Broker available through Assurant Intermediary

LV=Broker’s ABC Home insurance is now available on the Assurant Intermediary product platform.

EXCLUSIVE: The damning verdict on aggregators

The Financial Conduct Authority has finally come out with its damning verdict on price comparison websites, stating an issue that many of us in the intermediary sector have long been saying – these sites do not always ensure consumers are...

'Payja vu’ disaster lurking for protection-shirking lenders

Lenders will be culpable for damaging borrowers’ credit ratings when offering loans without considering their need for payment protection, British Money has warned.

PruProtect steals Commonwealth Games athlete

PruProtect has hired L&G’s Darrell Stone to run its single tie operation across the UK.

British Money offers Conduct Risk Dashboard

Payment protection specialist British Money is helping lenders fulfil their risk and governance controls through the provision of a bespoke risk reporting tool known as the Conduct Risk Dashboard.

Men twice as likely to ignore serious health symptoms

British men are almost twice as likely as women to avoid seeking medical help when experiencing a serious health symptom, protection specialist LV= has found.

LV= to use vScreen

LV= is to pilot the use of Vizolution’s vScreen to improve the end-to-end customer journey in its life and broker insurance divisions, writes Charlotte Lloyd.

F&TRC adds comparison service

F&TRC has boosted the comprehensiveness of its Quality Analyser for Protection comparison service to include Mortgage Protection for Life and Critical Illness Cover.

Nation’s financial well-being in ‘critical state’

Some 52% of the population will be in severe financial trouble if they are not paid next month, research from protection specialist British Money has found.

PR 2014: Standalone protection meetings are key

Holding specific protection meetings are the key to building trust with the consumer, Andy Walton, protection sales director at Intrinsic, said today, writes Ryan Bembridge.