Gen Re 2018 market review indicates 8.6% rise in new policies written
Total new protection business volumes increased by 5.6% year on year for 2018 when measured by premium and by 8.6% in terms of the number of new policies written, Gen Re's UK Protection Pulse - 2018 Market Review - has found. Annualized premium for the year broke through the £700m barrier for the first time since the Protection Pulse analysis began in 2013, the reinsurer said. Term assurance increased by 7.5% to £315m, income protection grew by 4% to £48.8m and accelerated/standalone critical...
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