ProtectX6: Distributors must be a part of product development

‘Changing the status quo has proved very difficult’

Hemma Visavadia
clock • 2 min read

Protection distributors need to have more involvement with the development of new products to help drive innovation, according to ProtectX6 panel speakers.

In the ProtectX6 panel session, speakers Debbie Kennedy, chief executive of LifeSearch, and DeadHappy co-founder Phil Zeidler examined the increasing need to involve distribution channels within the insurance network to help expand the industry. Both speakers acknowledged that while each of the event's speaker presentations were interesting, they negated to bring up new themes, feeding into the point that the industry has been in a "rut" for the past decade or longer. "Why are we struggling?" asked Kennedy, who suggested that the way the industry approaches risk, how it prices and des...

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

New online platform launches for care-related advice

New online platform launches for care-related advice

To meet Consumer Duty and vulnerability regulatory expectations

Isabel Baxter
clock 16 April 2024 • 2 min read
LV= pays out £135m on individual claims in 2023

LV= pays out £135m on individual claims in 2023

94% of claims paid out

Jaskeet Briah
clock 15 April 2024 • 3 min read
One in 10 adults would consider IP when having a child

One in 10 adults would consider IP when having a child

The Exeter research shows

Jaskeet Briah
clock 09 April 2024 • 2 min read