ABI

The protection industry should engage with the Money Advice Service (MAS) not fear it to successfully grow the market, industry leaders have said.

The government is "enthusiastic" and "engaged" with the protection industry to support its attempts to cut welfare spending, according to Richard Verdin.

Scottish Provident and Bright Grey have amended their critical illness products to include five new definitions and two reclassifications of conditions.

Insurers must pay life insurance claims in four weeks following the ABI's decision to slash its guidance time for the process.

Leaving aside the question of advice, do you see simple protection products as a threat to IFAs or a stepping stone for clients? Should IFAs sell them alongside fully featured products?

I treat life and critical illness as fairly commoditised products for perfectly healthy people aged under 35. Can I do more to help them in this area?

One of the most commonly cited reasons for poor protection sales is that most of the country is unaware of the availability of these products and what support they can provide.

The Association of British Insurers (ABI) has warned the introduction of new financial authorities could lead to dual regulation for its members.

Insurers have agreed to continue not using genetic test results for the vast majority of insurance policies until 2017.

The ABI has given its backing to the Treasury's simplified products proposal and highlighted the need for a government supported replacement to payment protection insurance (PPI).