Company News
Canada Life individual protection business closure costs £17.1m
Canada Life's closure of its individual protection business cost the insurer C$29m, approximately £17.1m, it has reported. This is according to 2023 financial results for the company's parent Great West Life Co...
Read moreOne in four supported by RedArc are helped back to work
RedArc has helped one in four of those it supported to stay in work or return to work. This is according to research carried out by the nurse-led health and wellbeing company...
Read moreOne in three advice firms reviewing fees post-Consumer Duty – Mills
More than a third (37%) of advice firms have reviewed or changed their fees structure since the Consumer Duty was introduced, according to Sheldon Mills, executive director of consumers and competition at...
Read moreConsumer Duty: FCA praises insurers for extending health and wellbeing benefits and widening cover
The Financial Conduct Authority (FCA) has praised insurers for improving propositions to offer new health and wellbeing benefits and widening policy definitions to cover more customers. In its Consumer Duty implementation: good...
Read moreEmbea raises funds for embedded life insurance platform expansion
German insurtech Embea has raised €4m to expand its pan-European embedded life insurance platform and add new insurance products to its portfolio. The funding round was led by Atlantic Labs, a Berlin-based...
Read moreAMII adds Switch Health, PSG and Healthwell as intermediary members
The Association of Medical Insurers (AMII) has added Switch Health, PSG, and Healthwell as intermediary members. Jack Chandler, CEO at Switch Health, said: "As we join AMII, we look forward to gaining...
Read morePFS launches adviser Consumer Duty competency diagnostic tool
The Personal Finance Society (PFS) has launched a competency diagnostic tool to identify key areas of training needs to ensure adviser compliance with Consumer Duty. Proficiency+ Consumer Duty was developed in collaboration...
Read moreMercer meeting insurers to develop framework on reporting ESG credentials
Mercer is bringing health and protection insurers together for a second session with the aim of improving clarity and reporting of environmental, social and governance (ESG) credentials in the sector. Last year...
Read moreProviders sent record 10.2 million invoices through Healthcode in 2023
Private healthcare providers sent a record 10.2 million invoices to insurers through Healthcode’s online clearing service in 2023. Earlier this month, Fiona Booth, the company's head of external affairs and stakeholder engagement,...
Read moreAetna International introduces supplemental benefits in Qatar and Oman
Aetna International has introduced locally compliant, supplemental benefits products for customers living in Oman and Qatar via partnerships with local insurance providers. The firm said the move formed a part of its...
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