Royal London: UK protection new business sales down 8%

Royal London has reported an 8% decrease in new UK protection business sales for H1 2019 - falling to £352m total premium sales value compared to £383m in H1 2018. The insurer said during the first of half of the year it focused on improving the quality of service to advisers and customers, and improving the profitability of new business. New business contribution in the UK remains unchanged at £21m. Meanwhile, protection new business sales in Ireland achieved 40% growth to £67m, leading to an increase in market share to 21% during Q1 2019 and Ireland protection new business increased...