National Friendly partners with Munich Re on income protection simplification

Proposition launched in October

John Brazier
clock • 1 min read

National Friendly has adopted the ALLFINANZ SPARK solution from Munich Re Automation Solutions to simplify access to income protection.

The mutual society stated implementing the solution is aimed at providing "traditionally underserved" members with simplified access to income protection. National Friendly launched its income protection proposition in October this year, aimed at customers that traditionally wouldn't have been able to secure cover if they were unable to work due to accidents or sickness. The Munich Re solution automates the income protection underwriting process resulting in a simplified application pathway and "a fair and accurate assessment, even if their earnings fluctuate." Graham Singleton, ch...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Income Protection

Stonebridge adds new Homeowners Income Protection to offering

Stonebridge adds new Homeowners Income Protection to offering

Partnership with Wessex Group

Jaskeet Briah
clock 16 April 2024 • 2 min read
Dentists' Provident releases annual report

Dentists' Provident releases annual report

£5.2m paid in sickness claims

Cameron Roberts
clock 12 April 2024 • 1 min read
Record week for IP: iPipeline

Record week for IP: iPipeline

Activity 8% higher than previous record

Cameron Roberts
clock 02 April 2024 • 1 min read