LV= reports protection sales increase

clock • 2 min read

LV= has reported that new business sales are up slightly at £146 million (H1 2015 £144 million) in its interim results for the six months ending 30 June 2016.

High levels of new business contribution experienced in 2015 were sustained through the first half of 2016 at £11 million (H1 2015 £11 million), the insurer reported. LV= is also continuing to roll out its Fastway quote and apply protection system, which will be available to all intermediaries by the end of the year. The insurer also launched a mobile first life insurance solution - QuickCover - which enables the purchase of life cover via a smartphone or tablet. Myles Rix, managing director of LV= told COVER: "I'm pleased with the first half results, it's a sliver of growth compar...

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 Income Protection

Why we still need to talk IP

Why we still need to talk IP

"Increasing sales starts with education"

Matthew Chapman
clock 14 March 2024 • 3 min read
Cirencester Friendly pays out £9.3 million in 2023

Cirencester Friendly pays out £9.3 million in 2023

Nearly half of claims were from Millennials

Jaskeet Briah
clock 14 March 2024 • 2 min read
British Friendly pays out £5m in IP claims

British Friendly pays out £5m in IP claims

Provider pays out 89% of new IP claims in 2023

Cameron Roberts
clock 11 March 2024 • 1 min read