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,...
Zurich has launched a 'selfie' app called FaceQuote which estimates how much life cover someone might need.
The official supplement of this year's COVER Excellence Awards is available to read now as an eBook.
Child cover within critical illness plans has assumed a far greater importance in recent years, writes CIExpert's Alan Lakey.
Holloway Friendly has widened its new online underwriting process allowing protection advisers to write both full and short term income protection business in minutes.