Gen Re: Protection sales increase by 5%

clock • 3 min read

Gen Re has reported a significant increase in protection sales in the first half of the year.

According to the reinsurer's latest Protection Pulse report, total protection premiums are up by 5% this year compared to the first half of 2015. Income Protection sales have increased more than 18% according to the report's findings. The report authors wrote: "The last time we reported on the state of the UK Protection market we had to search hard for good news. Now the good news writes itself." The number of policies sold has grown as well, with Protection Pulse recording over 835,000 policies sold in the first 6 months of the year, up 3.3% on the previous year. Sales by produ...

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