Individual Protection

More than £1.4bn was collected in Insurance Premium Tax (IPT) in May as receipts continued their long-term rise.   A total of £1.431bn was collected in IPT last month compared to £615m...

Aviva is closing almost all AIG Life products to new business this summer, with any new quotes needing to be submitted before 16 August and subsequent applications given a further 30 days...

Families choosing not to have children are less likely to have protection cover despite being less financially engaged, according to research from Legal & General. Its survey of 2,000 adults found UK...

Social media, and particularly TikTok, is a great tool to engage Gen Z (young people born between 1997 and 2012) but providers need to be careful that posts about protection do not...

LV= has given advisers a series of recommendations on how they can help avoid their clients’ claims being declined due to misrepresentation. In 2023, the mutual paid out 94% of protection claims,...

Guardian has increased the amount it will pay when a policyholder is diagnosed with a condition that meets one of its additional pay out definitions from 25% to 50% of the cover...

Protection insurance provider Best Insurance has launched an AI-driven underwriting solution which aims to provide more personalised quotes. Incomeadora, supported by Collinson Insurance (a part of Astrenska Insurance), is a-new quote-and-buy platform...

Independent mortgage, protection and financial planning network Rosemount Financial Solutions (IFA) has appointed Hereford Wealth and Financial Planning as an appointed representative (AR). Hereford Wealth and Financial Planning has been established by...

Vitality paid out £117m in protection claims in 2023. Publishing its protection claims statistics for the year, the insurer revealed it paid out 94.6% of claims paid across its life insurance, income...

Artificial intelligence (AI) is bringing about sweeping change to the world of underwriting. And it is clear that the use of technology is resulting in improved processes and quicker decisions for some...