The recent DWP update on Universal Credit presents the protection industry with a 'wonderful opportunity'
The natural pyramid structure of the protection market makes it difficult to unite around common goals, even when they are clearly of benefit to consumers and the businesses that serve them. The fewest and wealthiest businesses in the sector are the eight or so re-insurers who underwrite perhaps 90% of all the mortality and morbidity risk. The cohort below them, in terms of number and capitalisation are the insurers, perhaps 24 of them, the big ones all conglomerate businesses. The bottom tier...
Nearly half of annual salary
However the average household believes it can last 90 days
'Here's to the next 25 years!'
Watch the full presentation
'One of those unsung heroes of our industry'