Saturday 25 May 2013 | RSS Feed

Protection News

Holloway launches advice service

Holloway Friendly has launched a 24 hour advice service for advisers and customers.

Ingard adds Source for GI

Source Insurance has been appointed as a preferred supplier to the Ingard network for General Insurance.

Just Retirement to enter long term care market

Just Retirement has confirmed it intends to enter the long term care market in the coming months.

1000s missing out on the best protection deal

Tens of thousands of consumers could be missing out on the most appropriate protection cover because networks continue to make it difficult for advisers to sell off panel, writes Ryan Fowler.

FCA launches claims process review

The Financial Conduct Authority has launched a thematic review of insurer’s claims processes., writes Ryan Fowler.

Scottish Widows appoints intermediary protection head

Scottish Widows has appointment Esther Dijsktra as its new head of intermediary protection propositions.

Source appoints new operations head

Source Insurance has appointed Mark Phillips as its new operations manager.

Berkeley Alexander named GI Partner of the Year

General insurance provider Berkeley Alexander is celebrating after walking away with the title of GI Partner of the Year at the annual Simplybiz Group partnership event.

Standard Life appointment to help firms

Standard Life has appointed Innes Miller into the newly-created role of head of adviser business solutions propositions.

IP Task Force applauds claims paid disclosure

The Income Protection Task Force welcomes the recent spate of claims paid rates released by individual insurers which it believes will increase trust among the public following the PPI scandal.

Berkeley Alexander and Julian Harris link up

Berkeley Alexander has renewed its status as a preferred supplier of general insurance to the Julian Harris Network.

Uinsure enhances proposition

Uinsure has enhanced its product range based on broker feedback, giving brokers access to its most competitive home insurance offering in its six year history.

Tenet calls for protection trade body

Tenet has voiced its support for the creation of a dedicated protection trade body.

Home insurance premiums fall

Premiums for home buildings, contents and combined policies continued to fall dramatically over the first three months of 2012, despite an estimated cost to insurers of £1.2bn for last year's floods.

Positive Solutions adds LifeQuote to panel

Positive Solutions has added LifeQuote to its protection panel.

Positive Solutions gets LifeQuote boost

Positive Solutions, the UK's largest national independent financial advice firm, has signed a deal with LifeQuote to make its proposition available to all of its partners, writes Robyn Hall.

Skandia back in CI market

Skandia has re-entered the critical illness market following a two and a half year absence.

Women continue to be underinsured

Women in their 30s typically insure themselves for almost a third less than their male counterparts, new figures from Scottish Provident have revealed.

LV= paid 95pc of protection claims in 2012

Protection specialist LV= paid out 95% of underwritten protection claims in 2012.

Bright Grey in £200 million critical illness cover giveaway

Bright Grey is offering customers a year’s free critical illness cover when they apply for life cover under its personal protection menu to celebrate its 10th Birthday.

LV= enhances relationship with Tenet Group

LV= has strengthened its partnership with the Tenet Group which will see its regional sales teams provide Tenet advisers with on the ground sales and technical support.

PPI sparks most complaints says FCA

The Financial Conduct Authority’s complaints data on financial products places Payment Protection Insurance at the top of its most complained about list.

LV= reports strong life performance

LV=, the UK’s largest friendly society, has reported increased sales and profit compared to 2011.

Select & Protect enhances home insurance

Select & Protect has made enhancements to its home insurance policy by increasing cover limits to a number of features on its Median product.

Special feature: Claims stats are just the beginning

Here in the UK, spring has sprung. That means the daffodils are out, the clocks have moved forward and income protection insurers all around are releasing their claims statistics for the previous year, Nick Jones brand and marketing manager...

D2C seen as biggest challenge to protection

Well over a third (42%) of intermediaries see the rise of 'direct to consumer' propositions as the biggest challenge currently facing the protection market.

Directlife launches universal app process

Directlife has launched Quote+ the UK’s first universal application process for protection insurance products.

LV= offer 5pc discount on IP range

LV= is offering a 5% discount on its income protection and budget income protection range.

The Source launches Home Buyers’ Protection product

GI platform The Source has launched a Home Buyers' Protection product to cover against house sales falling through.

Source releases broker toolkit

Source Insurance has released a free broker marketing toolkit.

British Friendly announces business and claims figures

Income protection provider British Friendly paid out 97% of its claims in 2012 it revealed in its end of year trading resullts today.

Genworth praise BS FLS use

Genworth has praised building societies for their use of the funding for lending scheme and their use of mortgage insurance products.

L&G pays out on record number of claims

Legal & General Retail Protection paid out on more claims than ever before in 2012, a total of £483m combined death and critical illness claims up from £441 million in 2011.

Next Intelligence launches protection panel options

Next Intelligence has enhanced its protection proposition with the launch of three exclusive panel options.

Pink launches Business Protection Club

Pink has launched a Business Protection Club as part of its adviser protection development programme.

CETA cleans up at the WOBAs

CETA Insurance has scooped three awards at the prestigious West Oxfordshire Business Awards.

Lee Gladwell joins Paymentshield

Lee Gladwell has joined Paymentshield as interim proposition director.

Scottish Provident paid out £94m in CI claims

Scottish Provident’s Critical illness claims report released today reveals that it paid out over £94m to critical illness policyholders during 2012.

CIH calls for government housing investment

The government could generate billions of pounds and support more than 20,000 jobs by investing in housing, according to the Chartered Institute of Housing.

PPI firms left unsure after regulator meeting

Providers of payment insurance products have reacted with mixed feelings over yesterday’s meeting to clarify guidance on the design and sale of PPI products.

FSA: Payment waiver ‘adds value’ to borrowers

The Financial Services Authority yesterday confirmed that payment waiver “adds value” to customers – so long as it is designed in accordance with their guidance.

Uinsure referral service goes from strength to strength

Uinsure is celebrating the success of its commercial and non-standard insurance referral service by giving away a £10,000 holiday of a lifetime in Barbados.

Bright Grey and Scot Prov new business up 23pc

Bright Grey and Scottish Provident have announced that new business premiums reached £482m in 2012, up 23% on the £393m made in 2011.

LBG fined £4.3m for delayed PPI redress payments

The Financial Services Authority has fined three Lloyds Banking Group firms a total of £4,315,000 for failings in their systems and controls that resulted in up to 140,000 customers receiving delayed payment protection insurance redress.

Aviva calls for protection transparency

Aviva has called on the protection industry to ensure non-advised annuity sales meet the same cost transparency standards as advised sales.

FSA and OFT to discuss protection guidance

The Protect Association has arranged to meet with the Financial Services Authority and the Office of Fair Trading to discuss their final guidance on protection products.

Exclusive: Hannover buys London & European

Inter Hannover, a subsidiary of Hannover Re, has bought title insurer London & European for an undisclosed sum.

EXCLUSIVE: Kevin Paterson to join The Source as MD

Kevin Paterson, former sales and marketing director at Assurant Intermediary, is joining rival firm The Source as managing director in early April.

Securing custom is priority for brokers, says Uinsure

The majority of brokers would be willing to sacrifice commission in order to get their client the best deal, research from Uinsure reveals.

Barclays adds further £600m for PPI claims

Barclays has announced it will set aside a further £600m for payment protection insurance claims when it releases its full year results on 12 February.

Bright Grey paid out 93pc of 2012 CI claims

Protection specialist Bright Grey has announced that it paid out 93% of critical illness claims during 2012. Just 4% of claims were declined for non-disclosure.

Select & Protect appoints new sales and marketing director

Select & Protect has appointed former Financial Telemarketing Solutions managing director Neil Sullivan as its new sales and marketing director.