The overall level of economic waste, currently £109 bn per year , from long term disability and short term sickness absence is unacceptable and is damaging for our economy and society writes John Ritchie.
Only 1 in 10 of economically active people in the UK has sick pay insurance in addition to state provision. This is a major market failure. A radical shift in government and insurance industry thinking is needed. Before Auto Enrolment to Workplace Pensions we had roughly 50% of the workforce with no meaningful savings for their old age in addition to state provision. In other words 50% non participation in ‘pensions'. That was deemed a market failure and there was a consensus that...
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.