Individual Protection
L&G updates CI proposition and extends all guaranteed insurability options
Legal & General Retail has made a series of updates to its critical illness (CI) proposition including increased payments for terminal illness and children's CI claims. Guaranteed insurability options (GIOs) have also...
Read moreGuardian unveils first IP product eyeing ‘significant’ opportunity in growing market
Guardian is launching its first income protection (IP) product with a roll out set for the coming weeks. The product will be available to all advisers using IRESS, IPipeline and LifeQuote product...
Read moreFCA wants advisers to complain if they do not get insurer target market data
Advisers should complain to the Financial Conduct Authority (FCA) if they do not receive target market data from insurers as required under Consumer Duty information sharing requirements. This is according to FCA...
Read moreHow providers and advisers are meeting the financial wellbeing crisis – analysis
Spiralling inflation and energy costs have combined to create a cost of living crisis in which some people have been left with a choice between eating and heating. As a result, some...
Read moreBritish Friendly pays 90% of IP claims
British Friendly paid 90% of new income protection (IP) claims in 2022 and just over £5m to its members in income protection and discretionary BF Care claims. British Friendly paid 1,193 claims...
Read moreIntroducing: Abbie Marlow, Swiss Re
Abbie Marlow, client manager at Swiss Re, speaks to Health & Protection about trying to find a vocation which would make use of analytical skills gained at university, not giving up on...
Read more‘My hope is Consumer Duty will clean out remaining bits of foul practice’ – Baigrie
The past 25 years have seen protection insurance evolve into a substantial specialist field that is inarguably a key cornerstone of any financial plan, according to LifeSearch chairman Tom Baigrie. But Baigrie...
Read moreLegal & General joins Consumer Duty Alliance
Legal & General has joined professional body the Consumer Duty Alliance (CDA) which launched on 9 March. The body has been established with the aim of promoting good practice, delivering better client...
Read moreFCA appoints executive directors of enforcement and creates single legal function
The Financial Conduct Authority (FCA) has announced the appointments of Therese Chambers and Steve Smart as joint executive directors of enforcement and market oversight, as well the creation of a single legal...
Read moreReassured customers receive £40m in life and CI claims payments
Reassured life and critical illness (CI) insurance customers received £40,271,300 in claims pay outs in 2022 with a further £12m more still under review across its insurer panel. AIG Life accounted for...
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