There is no doubt about it, 2009 is set to be yet another depressing year for MPPI. Inextricably linked with the mortgage industry, Peter Carvill asks how the product will fare Click here to download pdf (PDF, 1.57MB)
The only question that really applies to the number of new mortgage payment protection insurance (MPPI) sales is not 'Have they fallen?' but 'How much have they dropped?' since figures from the Association of British Insurers' (ABI) have shown continual dramatic declines since the last time the market increased in 2002 to 2003. Between 2003 and 2004, the number of new policies plummeted by 23.5%; 2004 to 2005 fared only slightly better with a 23% drop; and then 2005 to 2006 appeared to be reversing...
LV= has signed up to Synaptic's Multi-Benefit quoting service, enabling advisers to compare its multi-benefit and single benefit products and share the most suitable protection product with its clients.
Shepherds Friendly paid 97% of income protection claims during 2016.
The Association of Medical Insurers and Intermediaries (AMII)'s petition to scrap Insurance Premium Tax (IPT) on health insurance has been postponed due to the forthcoming 'snap' General Election.
Aetna International has launched a redesigned secure member portal, Health Hub, which offers members a one-stop-shop to manage different aspects of their health online.