Naomi Greatorex: The highs and lows of 2023

"Protection advice more than ever has been budget driven"

clock • 3 min read

As 2023 draws to a close, it is a great time to reflect on the year, and what a year it has been. There have been highs and lows that have had a huge impact on the protection industry, writes adviser Naomi Greatorex, managing director of Heath Protection.

A tumultuous time with rapidly rising interest rates has seen many people's income stretched, with the increase of both mortgage payments and for many the increase in rental costs as a result. The impact on people's disposable income has been reflected in the types of protection conversations advisers have had this year. Protection advice more than ever has been budget driven. Insurers, industry publications and events have looked to support advisers by reframing protection conversations to help consumers facing the cost-of-living crisis. As an industry, understanding the importance of ...

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