There is no doubt about it, 2009 is set to be yet another depressing year for MPPI. Inextricably linked with the mortgage industry, Peter Carvill asks how the product will fare Click here to download pdf (PDF, 1.57MB)
The only question that really applies to the number of new mortgage payment protection insurance (MPPI) sales is not 'Have they fallen?' but 'How much have they dropped?' since figures from the Association of British Insurers' (ABI) have shown continual dramatic declines since the last time the market increased in 2002 to 2003. Between 2003 and 2004, the number of new policies plummeted by 23.5%; 2004 to 2005 fared only slightly better with a 23% drop; and then 2005 to 2006 appeared to be reversing...
British Friendly has become the first insurer to complete the new Disability Confidence & Awareness training by Disability Rights UK (DRUK).
Old Mutual Wealth will help people meet the escalating cost of funerals by advancing payment of the sum assured up to £10,000 across several products including its Protect range.
Defaqto has released a guide for advisers, sponsored by Aegon, which provides information on business and personal protection for small business owners.
Fiona Murphy meets Tim Stoves, managing director of Canada Life Group Insurance.