Lincoln adds LTC
In July 1998 long term care (LTC) was prominent in the news, as Lincoln added LTC cover to its umbrella package of protection products, Financial Foundations. In the same month the Association of IFAs released a members guide on the LTC market, covering care options and insurance solutions, the advice process and marketing. Other news included Norwich Union re-launching its mortgage endowment plan with optional critical illness cover and a reduction in premiums.
The news that the ABI and British Medical Association (BMA) agreement on GP report (GPR) fees has broken down will usher in a period of uncertainty.
Lack of innovation investment in the UK insurance market has been highlighted by recognition of RGA's work in the US.
Protection business in 2012 and 2013 will be affected by events this year and some fundamental changes to the way customers policies are priced into the next. Richard Verdin explains.
Employee assistance programmes are in the spotlight due to a schizophrenic approach by government. But as Sue Weir points out, they are backed by solid research.
How will people buy insurance in future? Greg Becker visits the US for developments in online distribution.