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...
65% of first £60,000
From PPI to the credit crunch
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A fixed pay-out of £2,500