New disruptive insurer Lemonade says it can pay claims in just 3 seconds. Kevin Carr takes a closer look at whether this approach could work in the UK protection market.
Forget Everything You Know About Insurance. Instant everything. Killer prices. Big heart. That's how US general insurance company ‘Lemonade' describe themselves. They also claim to hold the world record for paying the fastest ever insurance claim at just 3 seconds. Less time that it took to read this sentence. We often talk about the need for something new and Lemonade does seem to be genuinely differently. They take a fixed fee from the monthly payments, pay reinsurance and expenses,...
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.