Income Protection

A steering group chaired by the Association of British Insurers (ABI) and the Treasury is currently drafting a report on under-protection.

Zurich will be investing significantly in technology next year as part of a strategy to serve the mass market more.

PROTECTION WATCH

An employer may terminate the contract of an ill worker receiving claiming protection insurance benefits, a tribunal ruling confirms.

The aging workforce is causing a tightening in insurer group terms, a group risk specialist has said.

Income protection needs to strip out the state benefits element if the product is to move upwards, a consultancy firm has stated.

The Income Protection Task Force has planned to launch a consumer charter as part of a three-point plan for income protection.

So we heard from British Friendly recently that income protection (IP) sales are not benefiting from the gender change opportunity. Advisers have reported similar, but that life is tracking the opposite trend.

Educating consumers on the importance of income protection is a job for government and industry-led campaigns, advisers have said.

Ellipse has launched its second group income protection product - this time focusing on bonuses for absence reduction and early notifications.