50% income protection (IP) sales increase and 48% rise in new multi-benefit business
iPipeline has reported a 69% increase, year-on-year, in new UK protection business during Q4 2019. The company witnessed a 50% year-on-year increase in income protection (IP) sales and a 48% rise in the volume of multi-benefit new business. In addition to increased volume, the amount of cover written during Q4 grew, with average premiums for policy applications up 5% year-on-year. Roy McLoughlin, associate director at Cavendish Ware and co-chair of the IPTF, said: "A new decade and already...
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