Individual Protection
MPs label FCA ‘incompetent’ and call for ban of ‘confusing’ AR regime
MPs and peers are proposing that the appointed representative (AR) regime should either be banned entirely or networks should be made 100% responsible for their ARs. They suggest the Financial Conduct Authority...
Read moreProtection sales continue recovery after year-long slump – Gen Re
Individual protection sales continued to recover in the third quarter of 2024, slightly outpacing the same period last year for the second consecutive period. The two periods of slight increases appear to...
Read moreAviva enhances fracture cover
Aviva is enhancing its fracture cover benefit for new protection policies to improve financial support for customers during their recovery. Cover is available for 18 types of bone fractures and 11 of...
Read moreFCA highlights some good practice in life insurance claims processes
The Financial Conduct Authority (FCA) has highlighted some of the good practices found in its review of the bereavement claims process and urged insurers to take note of them and potential areas...
Read moreVote for the PMI and protection providers giving you the best service
Health & Protection is launching its UK provider service ratings to recognise those insurers and providers who consistently offer the best service, experience and support to advisers across the retail health and...
Read moreMore automation could be key to speeding up bereavement claims – Greatorex
More automation could be the key to speeding up the bereavement claims processes, but this may not always be possible for group life claims. This is according to advisers Health & Protection...
Read moreFCA slams life insurance claims processes and demands significant improvements
Life insurers have been told to settle death claims quicker and improve how they monitor claims times or face further action by the Financial Conduct Authority (FCA). It demanded significant improvements with...
Read moreHow insurers and advisers are adapting strategies to meet growing IP demand – analysis
Income protection (IP) has historically not had the high profile and dedication of life and critical illness cover as it has traditionally lagged behind in terms of sales. But increased wait times...
Read moreOctober IPT receipts up 24% year-on-year
Insurance premium tax (IPT) receipts reached £956m in October 2024, according to data from HM Revenue & Customs. The sum brought the seventh-month total for the 2024/25 tax year to £5.5bn. The...
Read moreWork-related stress cases down 14% year-on-year – HSE
The number of cases of work-related stress in the UK has dropped by14% year-on-year. The statistics from the Health and Safety Executive (HSE), released yesterday, reveal that the number of UK workers...
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L&G adds Spectrum.Life mental health pathway to Spark app
