ABI

Less than a fifth of Britons felt they would need help when purchasing life insurance but almost half said it was definitely necessary for a mortgage, according to new research.

Consumers want simple financial products to provide a standard limited level of coverage allowing easy understanding and comparison, new research has found.

The latest issue of COVER included a report that some members of the protection provider community, including the ABI, were unhappy with the way third party agencies rate products.

Aviva has added the first partial payments to its critical illness (CI) policy and halved the length of time for a Multiple Sclerosis (MS) claim.

I write with regret that the income protection (IP) quality standard (QS) has been abandoned.

A senior City of London Police detective has been appointed to lead the specialist insurance fraud police unit.

The UK insurance industry is urging the FSA to push ahead with some parts of the Solvency II regime at the start of 2013, despite the fact the rest of the continent is likely to delay until 2014.

Defaqto and other ratings agencies have been attacked for "driving the wrong behaviour" by encouraging product complexity and being "in danger of misleading consumers".

Almost 30 million protection policies were in force last year with consumers receiving over £32m per day in benefits, according to the ABI.

Earlier this week the Chartered Insurance Institute (CII) released a report declaring the public was massively disconnected from the reality of long-term care (LTC) costs.