Financial technology business IRESS saw a record-breaking month for protection new business in November, with 59,000 applications filled out compared with 49,000 12 months ago.
November represented a further increase in protection new business applications from a record-breaking October, which saw 55,000 applications filled out. From January to November, IRESS recorded more than half a million (565,000) protection new business applications, compared with 508,000 during the same period in 2016, representing an increase of just over 10%. Multi benefit products saw the sharpest increase from November 2016 to November 2017, with an increase of 57% in new business applications. Income protection saw the second biggest increase in new business over the course of t...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- 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.
