IRESS: 50% rise in income protection during Q1

Fintech firm IRESS witnessed 50% increase in income protection sales through its quote and transaction portal, The Exchange, during Q1 this year. Continuing the positive trend seen over the past two years, The Exchange sales data, according to click-through rates, has indicated a 10% year-on-year overall increase in protection business - critical illness, life, income protection and multi-benefit. There were 68,941 new business applications in quarter one 2019, compared to 62,644 over the same period in 2018. Mortgage protection grew by 17%, multi-benefit cover rose by 15% and term (i...