Health & Protection rounded out a busy 2025 for the protection market with our Individual and Business Protection Report House of Lords roundtable.
The discussion was as animated as the previous 12 months and foretold some of the likely energy and urgency which are expected to arrive in the coming year.
The sector finds itself in a complex position; there is much hope around as research from Health & Protection and other bodies shows sales recovering and a more positive atmosphere in general.
There are opportunities such as the Keep Britain Working Review while the overhaul of Inheritance Tax has also ignited the whole of life market.
However, the Financial Conduct Authority’s market study into the distribution of pure protection products looms overhead and is causing many in the sector to think long and hard about current and previous market practices and whether they remain appropriate.
Health & Protection’s Individual and Business Protection Report and our roundtable panel called for greater transparency from and between insurers and intermediaries in several areas.
Reports of eye-opening sums for marketing budgets and desire for further understanding of premium calculations mean while the regulator may not be addressing these points directly, the industry is keen to do so collectively.
Specific issues such as misrepresentation, whether intentional or accidental, in the growing income protection market also highlight areas that will require cooperation and collaboration to tackle.
Download the roundtable supplement by clicking the front page below or by following this link.
