Advisers conducting high-net-worth business are being given access to senior underwriters from Legal...
Advisers conducting high-net-worth business are being given access to senior underwriters from Legal & General in pre-submission cases. The point of this is to reduce potential delays in sourcing both medical and financial information and ensure clients have policies quicker than before. The appointed underwriters have specific experience of the market enabling them to focus on the core skill of assessing the risk presented by such applications. Legal & General said it made this move because high-net-worth individuals are often 'cash rich' but 'time poor'. The provider aims to have a turnaround of 30 days from receipt of application.
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.