Simple term life insurance and income replacement products have been proposed in an independent steering group report to encourage consumer engagement with the industry.
At a recent critical illness (CI) conference, it was observed that a lot of the individual market's underwriting problems could be reduced by using a low free cover limit (e.g. £50,000). Would bringing this into line with group business be helpful to...
The British Insurance Brokers' Association (BIBA) has implored the Treasury to apply an "appropriate, proportionate and cost-effective approach" to regulating insurance brokers.
Simple protection products need baseline standards and a goverment recognised stamp of approval, according to the chairman of trade body Protect.