National Friendly partners with Munich Re on income protection simplification

Proposition launched in October

John Brazier
clock • 1 min read
National Friendly partners with Munich Re on income protection simplification

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 pat...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • 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 Insurer

CII warns restricted cover can damage consumer trust

CII warns restricted cover can damage consumer trust

“Consumers want confidence that the insurer will pay out”

Hemma Visavadia
clock 09 August 2022 • 1 min read
Holloway Friendly offers cost of living pause option

Holloway Friendly offers cost of living pause option

For up to six months

Hemma Visavadia
clock 05 August 2022 • 1 min read
Phoenix Group to acquire Sun Life UK for £248m

Phoenix Group to acquire Sun Life UK for £248m

Closed book UK life company

Jenna Brown
clock 04 August 2022 • 1 min read