Protection business up almost 6% on last year - Gen Re

According to Gen Re's Protection Pulse 2018 report, the total annual premium (APE) for the UK protection market up to 30 June 2018 reached £360m - up 5.8% on 2017. ‘The market is continuing to show growth across all segments,' reads the report. ‘If this level of growth continues the market will break the £700 million APE barrier for a calendar year for the first time since Gen Re's monthly Protection Pulse commenced in 2013.' Biggest growth was seen in mortality, which is also the largest product segment and up by 8.5% over 2017 by premium - £202.8m overall (684,000 policies). Term pr...