Protection
FCA conducting thematic review of protection product governance and fair value
The Financial Conduct Authority (FCA) has undertaken an in-depth review of the life insurance market's governance arrangements and pure protection product fair value. The regulator said it had conducted the review over...
Read moreInsurers should ‘do better’ by carers and improve added value services – Timpson
Johnny Timpson has called on protection and health insurers to "do better" by introducing signposting solutions for carers to their added value services. Timpson's comments follow similar criticism levelled at the Department...
Read moreFCA tells life insurance CEOs to review closed products ahead of looming deadline
The Financial Conduct Authority (FCA) has written to life insurance CEOs with key questions they must ask themselves ahead of the looming Consumer Duty deadline for closed products and services at the...
Read moreMost UK parents risk financial security due to lack of protection – MetLife
More than half of all UK parents have no form of financial protection in place if absence from work is required to care of their children. This is according to findings from...
Read moreHealth and protection industry must prove tax breaks will increase cover – Ahern
The health and protection industry needs to make a "really, really" clear case that long-called for tax breaks will deliver increased take-up of cover and will not hurt the exchequer. This is...
Read moreCommission should better demonstrate value of brokers – FCA
The insurance sector has been challenged to show greater leadership in demonstrating the value that brokers bring to designing commissions and on policing non-financial misconduct and promoting healthy work cultures. The challenge...
Read moreRAM extends group risk offering with Shepherds Friendly and SirusPoint
Specialist managing general agent (MGA) Risk Assurance Management Ltd (RAM) has announced a strategic collaboration with mutual Shepherds Friendly and global reinsurer SiriusPoint. Expanding on the partnership, a spokesperson for the companies...
Read moreUnderwriteMe aims to reduce life insurance placement times with Instanda integration
Instanda, a global provider of SaaS platform technology for life insurance distribution and policy administration, has partnered with UnderwriteMe, a SaaS underwriting platform provider for the life insurance industry. The collaboration...
Read moreHCML sees 38% rise in mental health assessments
HCML has reported a 38% increase in mental health assessments carried out in the last year when compared to 2022/23. The corporate health and wellbeing specialist carried out 8,483 assessments compared to...
Read morePDG says claims delays are unfair to claimants as insurers focus on improving
The chairman of the Protection Distributor’s Group (PDG) has told Health & Protection delays in insurer claims turnaround times are unfair to claimants. His comments come in the wake of a halving...
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