Gen Re has reported sales increases for most protection policies with income protection showing the strongest levels of growth while guaranteed whole of life plans have struggled.
Overall new protection business sales increased by 3.9% in 2016 compared to the previous year, while income protection sales increased by 17% during the same period, according to the reinsurer's annual Protection Pulse report for 2016. In addition, critical illness sales increased by 5.2% and life insurance sales were up by just 1.5%. Within the life insurance segment, guaranteed whole of life business has decreased "dramatically" by 18% compared to the previous year. Income protection in...
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.