Peter Bayliss, Product Director for Synaptic Software, discusses if this is the case and what it means for the industry.
Currently, the sale of income protection policies sold to individuals are seeing a marked increase for the first time since 2007. This, it can be argued, is in part due to the Association of British Insurers (ABI) wanting to publish more ‘meaningful' claims data plus that we have new leadership at the helm of the Income Protection Task Force. The Synaptic protection portal Webline has experienced a 26 per cent increase in all protection quotes handled so far in 2017 compared to the same time...
There will be no further increases to Insurance Premium Tax (IPT) this year, the Autumn Budget 2017 has revealed.
The government will immediately give NHS trusts £350 million to allow them to plan for the winter, Chancellor Philip Hammond has announced in the Autumn Budget.
British Friendly has introduced an online Adviser Toolkit to encourage income protection sales.
Zurich has launched a 'selfie' app called FaceQuote which estimates how much life cover someone might need.