The cost of life cover has fallen by around 40% over the last few years and consumers could be wasti...
The cost of life cover has fallen by around 40% over the last few years and consumers could be wasting thousands of pounds by not reviewing their policies, according to brokers LifeSearch. Throughout 2008 life insurance has continued to fall, along with critical illness cover. Income protection has remained relatively static, but it is still possible to save money, especially if the policy was not one of the cheapest on the market originally. LifeSearch added many people have given up smoking for over the last 12 months and could potentially find a cheaper premium.
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.