Individual Protection

Swiss Re has revealed a €10tr gap in European life insurance coverage and believes the industry needs to be bolder in selling the affordability and benefits of life cover.

Protection specialists have welcomed the conclusions on the sale of pure protection released today by the FSA in PS10/13.

The FSA has confirmed group business is exempted from commission disclosure requirements laid out in PS10/13, since it was not the intention of the RDR to bring commercial group risk into its scope.

Firms can 'make a judgement' about when pure protection services are associated with investment advice as the FSA settles on a more relaxed disclosure regime under COBS.

Openwork is running a series of road shows to mark the launch of its new protection panel.

Pioneer and Exeter Friendly have confirmed they will come together under the Exeter Family Friendly name and the provider says it will focus on selling its products through intermediaries.

Gen Re has backed a community rated income protection (IP) product to compliment state benefits and called on the industry to add its support to the proposal.

Fortis is introducing discounts for new customers who purchase more than one cover.

Bupa paid out in 91.5% of critical illness claims received during the first half of 2010, the company has revealed.

Customer service, we are constantly told, is a prime way to differentiate between insurance providers.