What are protection advisers' key concerns during COVID-19?

Underwriting, premium holidays and insurer communication

Adam Saville
clock • 2 min read

'COVID-19 Impact on UK Life Insurance' report shows impact of pandemic on advisers and customers

Advisers surveyed as part of research by NMG Consulting have highlighted the key areas where insurers differentiate or could improve during coronavirus. The fieldwork involving 107 UK financial advisers (conducted 9 - 17 April) found that the top concern was underwriting, such as challenges around procuring GP reports combined with insurers tightening underwriting limits and delays in decisions holding back new business. Over 70% of advisers say they are "moderately to extremely concerned" about delays in completion of new business applications. "Advisers want to ensure their clien...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • 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 Individual Protection

Third of Gen X suffer long-term health issues

Third of Gen X suffer long-term health issues

Reduced ability to conduct day-to-day activity

Jaskeet Briah
clock 12 February 2025 • 2 min read
Clark UK expands partnership with iptiQ

Clark UK expands partnership with iptiQ

Digital underwriting pathway

Jaskeet Briah
clock 10 February 2025 • 2 min read
The COVER Review: World Cancer Day, network updates and new FCA tool

The COVER Review: World Cancer Day, network updates and new FCA tool

Week commencing 03 February 2025

COVER
clock 07 February 2025 • 1 min read