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Protection News

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.

PR 2014: Underwriters are like headmasters

Protection underwriting is like receiving a response from a headmaster of an exam board, Tony Collins, business development manager of Capita has claimed, writes Ryan Bembridge.

PR 2014: UK has a two-tier protection system

The UK has a two-tier system with less healthy groups paying a premium for protection, Mick James, business development manager at RGA, told delegates at the 2014 Protection Review Conference in London today, writes Ryan Bembridge.

PR 2014: Industry worst at marketing itself

Protection professionals are both the best and the worst people in the world at marketing their products to the public, Rhys Williams, strategy director at Quietroom, said today, writes Ryan Bembridge.

57pc of gung ho Brits waive protection

Less than half (43%) of mortgaged residential property in the UK is covered by any kind of protection insurance, research from life and pensions provider Friends Life has revealed.

Protection advisers support e-signatures

Research from technology provider Liss Systems has found overwhelming support amongst the protection adviser community for the introduction of e-signatures.

Source adds AXA to landlord insurance panel

The Source has added AXA to its Landlord Property Insurance Panel as it expands its range of providers, including Amlin, Landlord’s Choice, RSA and Sentinel Landlord and Towergate.

LifeSearch adds Engage to give broader over-50s offer

LifeSearch has added Engage Mutual’s over 50 life cover to its product portfolio in a move to offer customers a more comprehensive and competitive service.

PruProtect adds Vitality to Relevant Life

Pruprotect has announced that it is adding Vitality - a healthy living rewards programme - to its Relevant Life product.

Win big with Uinsure’s World Cup goals bonanza

General insurance provider Uinsure is giving brokers the chance to cash in on this summer’s World Cup with the launch of its Goals Bonanza competition.

Score penalties with Select & Protect

To celebrate the 2014 FIFA World Cup, general insurance provider Select & Protect is launching an online penalty shoot out game giving brokers the chance to win an iPad Mini.

One in three switch insurers for poor service

A third of people claim they switched insurers over the past two years because of the poor service they were getting, EDM Group has revealed.

Berkeley Alexander Joins ‘Protect’

General insurance provider Berkeley Alexander has joined The Protect Association, launched to raise awareness and help promote the benefits of protection insurance and other related services.

The Source launches World Cup prize draw

Source Insurance has today launched a prize draw competition running over the world cup period with prizes worth more than £1,000 up for grabs.

Friends Life enhances Childcover benefit

Friends Life has made further enhancements to its Childcover benefit which covers serious debilitating child specific illnesses.

Private tenants ignore protection cover

Only 7%of private tenants have any financial protection cover, compared with 28%of those with a mortgage, according to the latest Protection Report from Scottish Widows.

Drewberry Insurance launches family insurance tool

Drewberry Insurance has launched a new family insurance tool to help families better understand their financial risks.

LV= launches ‘Personal Sick Pay’

Protection specialist LV= has launched a new underwritten income protection product.

Uinsure goes head to head with 25pc offer

Uinsure is going head to head with Select & Protect and offering 25% commission to all brokers who introduce clients via its Refer & Earn proposition before the end of June.

Aviva: Protection industry needs reform

The protection industry is in need of reform to help consumers understand the crucial benefits offered by family protection, Aviva has said.

Cirencester Friendly expands team

Cirencester Friendly has appointed Susie Beard-Moore as intermediary sales and customer care manager.

Pure Retirement unveils lump sum equity release

Pure Retirement has unveiled its second ‘Pure Lump Sum Plan’ equity release product.

Source partners with LV=

Specialist GI provider Source Insurance, working with LV= Broker, has launched Source Express, in response to demand from brokers for a faster more streamlined household insurance product in the face of severe time constraints.

EXCLUSIVE: MP: We need to plug the protection gap

The number of consumers in the UK living without financial protection is growing, and the numbers are significant, says Andy Love MP, a member of the Treasury Select Committee.

Tim Johnson to leave Paymentshield

Tim Johnson, the chief executive of Paymentshield, is quitting the company to be replaced by Broker Network chief executive Gary Duggan.

PruProtect grows despite market downturn

PruProtect has recorded a 3% rise in cruitical illness cover being taken out in 2013, despite the flagging nature of the market.

British Money urges auto-enrolment

British Money has outlined its plans to auto-enrol its protection policy to Treasury Select Committee member Andrew Love, who has been calling for the government to take action against the protection gap within the mortgage market.

DIY accidents cost public £1.5bn a year

DIY jobs around the home that go wrong are costing the public some £1.5bn in year with many woefully underinsured, Paymentshield says.

Number of Brits living alone doubles in 40 years

The number of UK adults living alone have more than doubled in 40 years to 8.7 million, research from LV= has revealed.