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Insurer target markets too broad and lack detail as does FCA guidance – advisers
Insurers need to up their game in compiling product target market statements as they are too broad and vary widely in terms of detail, but so too should the Financial Conduct Authority...
Read moreFCA slams ‘poor’ PMI and protection product target market statements
The Financial Conduct Authority (FCA) has singled out target market statements from private medical insurance (PMI) and income protection (IP) products as “examples of poor practices that could cause customer harm”. It...
Read moreZurich Singapore appoints head of accident and health from Chubb
Zurich Singapore has appointed Nixon Ooi as head of accident and health in Singapore. Reporting directly to Alexandra Cowley, chief underwriting officer, Singapore, Ooi will be responsible for leading the underwriting, portfolio management, and proposition...
Read moreFCA requiring product withdrawals and other ‘urgent’ action as insurers and advisers failing to demonstrate fair value
The Financial Conduct Authority (FCA) is requiring insurers and intermediaries to take remedial actions including ordering them to withdraw products where it has material concerns about providing fair value. The regulator said...
Read moreFCA concerned about poor insurance value – but health cash plans are best performer
The Financial Conduct Authority (FCA) has continued to express concern over the value proposition of Guaranteed Asset Protection (GAP) insurance, with some firms struggling to demonstrate fair value as required by the...
Read moreOne in 10 take entire month off work due to injury – MetLife
More than one in 10 people have taken a whole month out from work due to an injury from an accident in the past year, according to research from MetLife UK. The...
Read moreHealix appoints strategic key account director from Axa Health
Healix has appointed Paul Farthing as strategic key account director. Farthing (pictured) has more than 18 years’ experience in the corporate healthcare space, previously holding positions at WPA, Citi Bank in Japan...
Read moreKoa Health launches mental health platform
Global mental health services provider Koa Health has launched mental health platform Koa Care 360. The platform enables employers to provide their employees with preventative care, online therapy, and a range of...
Read moreJust one in five Scottish firms offer PMI – Howden
Just one in five companies in Scotland offer private medical insurance (PMI), according to a report from Howden Employee Benefits. The report, entitled Employee Benefits and Wellbeing in Scotland, surveyed more than...
Read moreHealthcare costs can be two thirds higher for obese individuals – LCP
Healthcare costs can be around two thirds higher for obese individuals, according to a study by Lane, Clark & Peacock (LCP). The healthcare analytics firm has published a series of real-world evidence...
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