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Individual Protection

Individual Protection

IP sales fall 7% as protection business slips slightly

The protection market is shrinking and becoming more concentrated in the hands of a few providers, according to figures from the FSA.

clock 31 August 2011 • 1 min read

Critical Illness

Insurers want to pay claims: Five reasons why 90% of CI claims are paid

The Association of British Insurers (ABI) this week revealed that nine in every ten claims made under a critical illness (CI) policy in 2010 was paid by the insurer.

clock 31 August 2011 • 3 min read

Regulation

Blog: Protection 'mis-selling' - here we go again!

It is perhaps not a little ironic that on the eve of deadline day for three major banking groups to resolve their pre-judicial review payment protection insurance (PPI) complaints, another possible ‘protection' mis-selling scandal is uncovered.

clock 31 August 2011 • 2 min read

Individual PMI

Obama's health masterplan: Citizens struggling to pay premiums

A long-term plan to provide more US citizens with health insurance may fall short of hitting its targets as it is still too expensive for a lot of people, according to reports.

clock 30 August 2011 • 1 min read

Critical Illness

Insurers paid £2bn in life and CI claims in 2010

Critical illness (CI) and life insurance claims payments reached almost £2bn last year, according to figures published by the Association of British Insurers (ABI).

clock 30 August 2011 • 2 min read

MPPI

PPI redress hits £215m in H1

Payment Protection Insurance (PPI) complainants received a total of £215m in redress in the first half of 2011, the Financial Services Authority (FSA) has revealed.

clock 30 August 2011 • 1 min read

Critical Illness

Zurich sees slight fall in CI claims paid, maintains non-disclosure rate

Zurich paid 89% of critical illness (CI) claims received in the first six months of the year with payments amounting to £43.7m.

clock 25 August 2011 • 1 min read

Service

Insurers' tax contribution greater than entire Home Office budget

The insurance industry made a total contribution of £10.4bn to the Exchequer, a report from the Association of British Insurers (ABI) and PWC has revealed.

clock 23 August 2011 • 2 min read

Critical Illness

Scot Prov pays 91% of CI claims

Scottish Provident paid 91% of critical illness (CI) claims during the first half of the year.

clock 22 August 2011 • 1 min read

Income Protection

Living on benefits challenge raises protection awareness

Living on state benefits would require significant lifestyle changes for those found too sick to work compared to being employed, a team of bloggers has found.

clock 18 August 2011 • 2 min read
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