Protection

Insurers paid out a combined record of £7.34bn in protection claims last year, according to figures from the Association of British Insurers (ABI) and Group Risk Development (Grid). According to the analysis,...

The Exeter has appointed Gary Warman as chief risk officer. Effective from the start of the month and subject to regulatory approval, Warman will become a member of the mutual's executive committee....

More than 1,000 more protection policies were sold in the second quarter of 2024 compared to a year ago, but the market remained significantly below its 2023 level, according to Gen Re....

The majority (53%) of UK adults have not spoken to anyone about taking on the responsibility of planning their funeral when they are no longer here. Research from MetLife found that 31%...

More than one in four private medical insurance (PMI) and dental insurance complaints resolved by the Financial Ombudsman Service (FOS) from April to June were upheld, with service and claims handling the...

The Protection Distributors Group (PDG) will tell the Financial Conduct Authority (FCA) that it believes the protection market “works well“ and that indemnity commission “supports distribution“. The trade body said it will...

Advisers have applauded the Financial Conduct Authority (FCA) launching an investigation into the protection market, citing commission levels and indemnity structures as a key scourge of fairness which also affect client outcomes....

The Financial Conduct Authority (FCA) has raised serious concerns about the distribution of pure protection products to retail consumers ahead of its market review. The regulator highlighted that there are indications the...

Insurers have committed to supporting the Financial Conduct Authority (FCA) in its investigation of the protection market, adding they want to ensure “good outcomes for customers” and “a competitive market”. The regulator...

The Financial Conduct Authority (FCA) will be conducting a review into the operation of the pure protection market including commission structures including loaded commission and the shrinking insurer market. It is also...