David Mead: It's time to embrace change if we really want to grow

"It’s a sad day that when tenders come up for renewal, the lowest bidder wins"

clock • 5 min read

Current protection pricing points are too low and are creating a disparity in the levels of service insurers and other providers are able to offer policyholders, writes FutureProof's David Mead, who advocates a need to embrace change to truly meet various consumer needs.

I'm not sure if it's just me, but I'm getting the distinct feeling that the service we are able to offer our clients when helping to arrange their protection policies is deteriorating. I believe that we have arrived at an important moment in the evolution of our industry. If we have a genuine desire to get more individuals, families and businesses protected, we need to start challenging ourselves and asking whether our current approach is putting many advisers off arranging protection. Let's face it, the thought of tying up hours and hours of time, chasing GP surgeries and medical scr...

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 Adviser / Broking

SJP sees record £242.4bn FUM but flows down 67% in Q3

SJP sees record £242.4bn FUM but flows down 67% in Q3

Drop follows new charging structure

Cristian Angeloni
clock 29 October 2026 • 1 min read
Budget 26: Adviser frustration grows after delving into the details

Budget 26: Adviser frustration grows after delving into the details

"The overall tax take still rises"

Sophia Panayi
clock 29 October 2026 • 4 min read
Amii adds The Right Advice to membership

Amii adds The Right Advice to membership

New intermediary member

Jaskeet Briah
clock 27 October 2026 • 1 min read