Significant growth for income protection and multi-benefit products
What do lower provider numbers and fewer products really mean for income protection and advisers?
Advisers (84%) selling single products directly from providers are wasting their time
Protection must "widen its proposition to meet needs of renters", says Swiss Re's Ron Wheatcroft
The Exchange indicates 'record-breaking quarter' for critical illness, life, income protection and multi benefit products for first three months of 2018
Financial technology business IRESS saw a record-breaking month for protection new business in November, with 59,000 applications filled out compared with 49,000 12 months ago.
IRESS has boosted its XPLAN Mortgage system with the addition of a 'Protection Sourcing' module as the technology provider looks to streamline further the end-to-end mortgage sales process for advisers and their clients.
IRESS has seen it operating revenue in the UK increase by 4.1%, to £28.9m, while profits excluding Enterprise Lending were down 1.7% to £6.5m.
IRESS has introduced their XPLAN Mortgage tool, with the mortgage module launching first.
Cirencester Friendly's new income protection contract, My Earnings Insurance, has been added to financial intermediary portal, IRESS' The Exchange.
Cost-savings are only truly made when allied to a high-quality product. So what help is available for advisers to assess products in a sensible manner? Ian McKenna explains the technology.