Company News
Insurance intermediary income up 15.7% but firm numbers drop below 10k
Insurance intermediaries saw their revenue rise 15.7% last year to reach £24.5bn – up from £21.2bn in 2022. Commissions earned were up 15% from £17.7bn to £20.4bn, while fee income rose almost...
Read moreRoyal London protection sales unchanged as claim payments up 3.5%
Royal London completed £11m of protection sales in the first half of 2024, unchanged from the previous year. The mutual's interim financial results for the six months to 30 June 2024, showed...
Read morePulse launches simple cancer protection product targeting younger employees
Pulse Insurance is launching a cancer protection product featuring a lump sum payment and support services. It is backed by reinsurance managing general agent Rokstone and Reframe Cancer. The product is available...
Read moreOver-50s insurer amends TV ad saying ‘100% of claims will be paid’
Over 50s life insurer British Seniors has amended a TV advert featuring the statement “100% of claims will be paid” after a complainant to the Advertising Standards Authority (ASA) alleged the ad...
Read moreGPs could refuse to share patient data and cut appointments in industrial action
GPs across England could refuse to share patient data and limit the number of patients they see to 25 a day after British Medical Association (BMA) members overwhelmingly backed industrial action. The...
Read moreAviva extends legal service add-on to all group risk customers
Aviva is adding the Red Apple Law legal service to its group income protection and group critical illness customers, following the launch of the proposition to its group life customers last year....
Read moreBupa adds 433,000 UK members as profits surpass £500m
Bupa has added more than 433,000 customers across its UK operations in the first six months of 2024 with growth also reported in its international private medical insurance (IPMI) business. Overall, the...
Read moreSoaring IPT take further underlines case for health insurance tax breaks – Hill
Insurance Premium Tax (IPT) receipts rose 11% over the last financial year, underlining the importance of a carve out on health insurance products, according to Brett Hill, head of health and protection...
Read moreDeadHappy collapsed owing more than £1m including £300k to Covea and £110k to Shepherds Friendly
DeadHappy's unsecured debts exceeded £1m when it collapsed into administration last month including more than £300,000 owed to Covea Life and £110,000 to Shepherds Friendly which underwrote its policies. DeadHappy founder Andy...
Read moreFocus on price and value ‘challenging’ as firms have used opaque fees – FCA
Financial services firms have found focusing on price and value “challenging” during the first year of the Consumer Duty, according to the Financial Conduct Authority (FCA). The FCA will be publishing a...
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