Income Protection

VitalityLife paid 99% of Life claims, 93% of Serious Illness claims and 94% of Income Protection claims in 2016. In total, 807 claims were paid across all products.

British Friendly has appointed Julie Greenwood as distribution director.

Gen Re has reported sales increases for most protection policies with income protection showing the strongest levels of growth while guaranteed whole of life plans have struggled.

Holloway Friendly has called for the protection industry to agree and adopt a standard approach to publishing claims statistics.

Legal & General has released data showing the amount paid out on its individual protection products in 2016.

Unum has published its second annual Return to Work statement showing that 1040 people with serious health problems got back to work with Unum's Group Income Protection Return to Work service last year.

For the first time this year, Swiss Re's annual Group Watch report has published the split of group income protection schemes based on membership numbers to measure SME engagement.

RedArc has launched a new website which it said better reflects its range of services and the variety of marketplaces in which it now operates.

Aegon UK has today published claims data which shows a total of £123.4 million was paid in claims for life (including terminal illness), critical illness (CI) and income protection (IP), helping more than 1,300 families and businesses in 2016.

iPipeline's Paul Yates says there are several areas the industry can target in order to boost protection sales.