Signs of growth in life insurance and critical illness, but income protection down year-on-year according to iPipeline stats
Protection sales processed through iPipeline's platform during the first three months of this year grew by 10% overall compared to the same period in 2020, while like-for-like sales rose 7% during Q1 this year. Decreasing life applications saw the largest year-on-year increase during the period, recording growth of 21%, attributed to reduced prices as a result of increased competition in the space. Level life policy sales grew by 16% year-on-year, with the average life cover amount 4% higher...
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