News

PruProtect has called for protection insurance to be made compulsory and said it is already seeing signs of advisers switching to protection to anticipate the Retail Distribution Review (RDR).

LV= has added its family income benefit (FIB) plan and combined life and critical illness quotation with different sums assured to its True Potential offering.

Aviva paid 92.5% of critical illness (CI) claims during the first six months of the year.

Government health reforms still pose an "unacceptably high risk to the NHS" and should be scrapped, according to the British Medical Association (BMA).

A Swiss Re report examining the accuracy of mortality projection models includes several interesting facts about life expectancy. Here are a few of our favourties from that report (plus a few others from elsewhere).

Mortality projection models are in need of a radical overhaul to ease insurers' funding problems and give them confidence when pricing future retirement income solutions, an influential new report argues.

Health insurers and brokers have broadly supported the Office of Fair Trading's (OFT) view that the private healthcare market is ‘not working well for customers'.

The British Insurance Brokers' Association (Biba) and the Institute of Insurance Brokers (IIB) have called for regulatory barriers to be lowered and for the current inappropriate style and intensity of regulation to be reformed.

Advisers fear their unprotected clients would be forced to live on state benefits or rack up large debt burdens should the worst happen.

Aviva is aiming to settle death claims from group risk customers within three days.