Provider satisfaction dropped 8% in 2023

According to a report by Defaqto

Cameron Roberts
clock • 4 min read

Satisfaction with providers across the board is worsening significantly, according to Defaqto’s Protection Service Review 2024.

The survey took place between August and September 2023 and asked 294 financial advisers to measure the importance of 10 categories of service. The 10 categories include provider strength and brand; claims handling and administration; and underwriting services, among other factors. Key learnings from the report include an overall decrease in satisfaction towards providers as well as a lower number of recommended providers. Aviva, though, emerged as a big winner from the report, seeing an uptick in recommendations from those surveyed, whereas some providers with lower recommendation rates...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

Partner Insight: How to increase your protection business

Partner Insight: How to increase your protection business

LV's Carl Heard says year-end is a great time to review client relationships and protection conversations.

Carl Heard, National Account Manager at LV=
clock 03 December 2024 • 4 min read
Government to launch men's health strategy

Government to launch men's health strategy

Call for evidence

Jaskeet Briah
clock 29 November 2024 • 2 min read
Aviva signs protection partnership with NatWest

Aviva signs protection partnership with NatWest

Life insurance and critical illness cover included

Jaskeet Briah
clock 27 November 2024 • 1 min read