Royal London's UK protection businesses paid 98% of all claims received and made payments totalling more than £250m in 2015.
A record £3.6bn was paid last year in individual protection insurance claims, the equivalent of £10m a day, according to research from the Association of British Insurers (ABI)
Epoq's Dave Jones explains why added value benefits on protection policies matter.
Aviva has published its claim statistics for 2015 revealing that the insurer paid out 98.9% of life insurance claims, 92.5% of critical illness 92.4% of income protection claims.
LV= will host another series of its ‘Wake up to IP' events, helping advisers increase their confidence in selling income protection.
Louise Colley is leaving her role as managing director of protection at Aviva to become the UK digital customer propositions director at Aviva, COVER can exclusively reveal.
LV= paid out 96% of all new individual protection claims during 2015 totalling £56 million over the year.
Some 7 out of 10 people with serious health problems were supported back to work by Unum after using the insurer's vocational rehabilitation service provided via a Group Income Protection plan.
Group risk experts have praised levels of market growth highlighted in the latest Swiss Re Group Watch report but warned that the industry must focus on improving group IP.
Holloway Friendly today announces a 14% increase in new business commission rates for advisers on all income protection products.