WPA has reported rising interest from mid-market companies in alternatives to fully insured private medical schemes as awareness of the Insurance Premium Tax (IPT) increase takes hold.
The health insurer said such employers were moving away from fully insured schemes to solutions that would mitigate IPT. In January, the latest LaingBuisson report identified a rise in corporate healthcare trust participation. In November, Chancellor Phillip Hammond announced an increase in IPT to 12% would come into affect in June, the third rise in less than two years. Rachel Riley, commercial director, WPA said: "In the past we've paid attention to the larger groups who would have considered...
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.