British Friendly launches its first ever report analysing claims from 2005 and 2018
Income protection (IP) specialist British Friendly has released a Claims Report, offering analysis of its claims data as well as case studies from over a 13-year period. The mutual, which was founded in 1902 and recently reached 30,000 members, paid 96.2% of all income protection claims between 2015 and 2018. The Claims Report 2019 also found that 11% of all its claimants are under 30, highlighting the importance of income protection for millennials. The overall average age of all members...
L&G veteran Richard Kateley says more can be done to increase engagement with products
'Whatever else changes in the world there are always lies, damned lies and insurance sales figures'
Totalling £3.4 million
52% y-o-y growth
As part of COVER’s new eBook in partnership with Royal London, we asked advisers about the barriers they frequently face when talking about protection – and what they do to jump over them