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Insurance Premium Tax raises £6.5bn for Treasury
Insurance Premium Tax (IPT) raised £6.5bn for the Treasury between April 2023 and January 2024 compared to £5.9bn in the same period of the previous year according to latest HM Revenue &...
Read moreDame Carol Black to lead DWP occupational health taskforce
UK businesses will be urged to tackle in-work sickness and stop people from falling out the workforce, following the appointment of Dame Carol Black as the government’s new occupational health tsar. Black,...
Read moreSimplyBiz launches adviser academy
SimplyBiz has launched MyLearning Academy, an online learning portal developed in partnership with Competent Adviser. The academy, available from today (21 February) to all SimplyBiz member firms, offers support on a range...
Read moreConsumer Duty: FCA hails insurer for highlighting policy exclusions online
An unnamed insurer has come in for praise from the Financial Conduct Authority (FCA) for highlighting policy exclusions on its website before customers even begin to start applications. In its Consumer Duty...
Read moreCanada 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...
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Why the US healthcare system is so complicated: A practical guide for global employers – UnitedHealthcare Global
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Aviva health sales drop by a third, while individual business dampens protection growth in H1
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Mis-selling, service levels and customer confusion behind escalating PMI and protection claims – analysis
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When a claim isn’t the hard part: Fixing the real problem in protection – Scottish Widows
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Why combining AI with human empathy is vital to drive down PMI and protection complaints – analysis
