Life insurance broker Renew Life Risk Management files for insolvency amid Covid woes
As COVER understands, one of Renew Life's main lead suppliers - a Welsh-based firm responsible for 35-40% of its sales - has ceased trading as a result of Covid business interruption. This combined with the prospect of revoked professional indemnity (PI) insurance early this year has forced the telephone-based life insurance brokerage to enter proposed administration. Renew Life owner Colin Potts told COVER that the trouble started in December when he was informed that his firm's PI insurance,...
To embed people risks into business insurance offering
‘Change can be extremely positive’
However only 48% advisers saw protection sales grow
Cost vs value
First phase progress