'Confusion in the market' following APRIL UK exit

clock
Claire Ginnelly, managing director, Premier Choice
Image:

Claire Ginnelly, managing director, Premier Choice

Lack of information and poor communication despite 'whispers' of a 'rescue plan', says Premier Choice's Claire Ginnelly

When we received the announcement that April's underwriters had decided to withdraw from the UK PMI market, it came as a surprise. Since the latter part of last year, APRIL UK has very much been communicating they are open for business and looking to grow. They relaxed their switch criteria which made it easier for clients to move to them without the need for re-underwriting. They also started to look very competitive on quotes. In addition, they seemed to increase the number of account ma...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Income Protection

The COVER Review June 2022: Pride, Sandy's Story, Consumer Duty and IP for Gen Z

The COVER Review June 2022: Pride, Sandy's Story, Consumer Duty and IP for Gen Z

Now available for members to watch

John Brazier
clock 23 June 2022 • 1 min read
LV= pays out over £5 million on IP claims during early 2022

LV= pays out over £5 million on IP claims during early 2022

Between January and April

John Brazier
clock 14 June 2022 • 1 min read
British Friendly pays out 84% of IP claims in 2021

British Friendly pays out 84% of IP claims in 2021

Musculoskeletal-related issues the top reasons for claiming

Hemma Visavadia
clock 26 May 2022 • 1 min read