Swiss Re Term & Health Watch: Sales up 11.6% in 2017

Almost two million new term assurance, whole life, critical illness (CI) and income protection policies were sold in 2017 (1,969,842) - an increase of 11.6% on last year - the Swiss Re Term & Health Watch has reported. Critical illness saw an overall increase of 21.1% (91,883 policies written) - the highest level of growth for CI since 2012 - there was 2.8% growth for income protection (3,270 policies) and 2% for whole of life (9,041 policies). Extremely healthy According to iPipeline data and described as ‘extremely healthy' by the report, there was an uplift of 13.1% for new term...