Life insurance
Scottish Widows publishes claim stats using new ABI method
Scottish Widows has published its protection claims statistics which show that it paid out 99.38% of life claims in 2016, an increase of 0.5% compared with 2015, and 93.2% of critical illness claims, an increase of 2.7%.
Zurich exceeds Protection Distributors Group pledge on advance payments for life customers
Zurich is the latest provider to sign up to the Protection Distributor Group's (PDG) Funeral Payment Pledge to help protection customers with funeral costs.
Implications for insurance as younger HIV patients reach 'near-normal' life expectancy
Life expectancy of 20-year-olds starting treatment for HIV has increased by around a decade to age 78 in the EU and North America due to improvements in treatment.
BGL Group and Virgin Money announce life insurance partnership
BGL Group has today announced the signing of a five-year contract with Virgin Money to provide its new life insurance solution to customers of the bank.
COVER Excellence Awards 2017 now open
COVER is delighted to announce that the COVER Excellence Awards 2017 have opened for nominations.
Robo-life insurance firm to launch this year
Fintech company Certua is intending to launch into market in 2017 with a 'robo-life insurance' product.
Q&A: Debbie Kennedy on Royal London's Diabetes Life Cover
Fiona Murphy asks Debbie Kennedy, group head of protection strategy at Royal London, ten rapid fire questions on the launch of Diabetes Life Cover.
Royal London launches life cover for diabetics
Royal London has launched its long-awaited life cover for people with Type 1 or Type 2 diabetes.
VitalityLife publishes protection claims statistics for 2016
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.
LV= introduces early payment on death claims
LV= has introduced an early payment of up to £10,000 for death claims on all life products which can be paid to bereaved families within 24 hours.
The Exeter enters life market with policy for type 2 diabetes and BMI
The Exeter has entered the life insurance market with a policy for people with type 2 diabetes or a high body mass index (BMI).
L&G urges advisers to makes 'positive use' of the insurer's 2016 claims stats
Legal & General has released data showing the amount paid out on its individual protection products in 2016.
AIG Life introduces life cover for UK non-doms / non-residents
AIG Life has bought to market a term assurance and whole of life proposition for non-UK domiciled individuals impacted by the new IHT on Enveloped Dwellings (IHTED) legislation.
Mother and son charged after allegedly faking death to claim life insurance
A mother and her son have been charged today with fraud after they allegedly conspired to fake the mother's death in Zanzibar to claim £140,000 worth of life insurance.
Pulse Insurance launches simple life cover for those with HIV
Pulse Insurance has recently launched Positive Life, a straightforward solution for anyone with HIV who is otherwise healthy, COVER can exclusively reveal.
Aegon UK reveals 2016 claims stats
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.
Zurich increases claim payouts to consumers
Zurich paid over £224.6m in protection claims last year to its retail customers, an increase of 6% from £212.5m in 2015.
Woman arrested after allegedly faking own death in £140k insurance scam
A 45-year-old woman has been arrested by detectives from the City of London Police's Insurance Fraud Enforcement Department (IFED) after she allegedly faked her own death.
Pacific Life Re promotes senior staff including head of protection
Pacific Life Re has promoted James Tait to head of protection, Europe, and Andy McAleese to head of longevity, Europe.
Pacific Life Re: How would consumers prefer to buy life insurance?
Pacific Life Re has conducted on-going research into consumer attitudes towards purchasing life insurance. Here is a snapshot, in the second of a series of articles for COVER, of what the research uncovered.
Pacific Life Re: Are consumers protected?
Pacific Life Re has conducted on-going research into consumer attitudes towards purchasing life insurance. Here is a snapshot, in the first of a series of articles for COVER, of what the research uncovered.
How should families protect themselves under the new Bereavement Benefits system?
Richard Walsh discusses the recent changes to Bereavement Benefit and how family income benefit could be a solution.
Public still believes protection is 'too expensive'
Nearly one in three people who don't have protection insurance have said they believe the products are too expensive, according to a study from Royal London.
A resolution brokers should keep this year
For some, 2016 was a year to forget, and among the things that marked it out was the high number of celebrity deaths, writes Steve Berry.
