News

Over half (53%) of insurance industry executives believe there are ‘huge' opportunities for insurers to improve efficiencies and cut costs, according to new research.

While 41% of employees expect to rely on savings if forced out of work due to illness or injury, with the average household savings at only £20 a month (ONS Family Spending 2013), this is less than realistic, Group Risk Development (GRiD) has warned....

LifeSearch has added Engage Mutual's over- 50s life cover to its product portfolio in a move to offer customers ‘a more comprehensive and competitive service.'

Multinational companies are still at the early stages of developing their global benefits strategy and management approach.

KPMG International has released an industry paper, "How well is the life insurance industry keeping pace with rapidly changing technology?", which found it is at risk of falling behind through not embracing today's technologies.

The Financial Ombudsman (FOS) has published case studies of typical private medical insurance (PMI) and protection claims to illustrate the type of claims it has received.

Demand for private health insurance in Asia has never been greater according to Andrew Apps, a director at international health insurer ALC Health.

Group Risk Development (GRiD) has calculated that Legal & General accounted for a fifth (19.2%) of total claims value (£1.244bn) paid out by the group protection industry for group life, income protection and group critical illness in 2013.

Ageas Protect has launched its products on IRESS', The Exchange multi-benefit protection comparison service.

Friends Life has announced new enhancements to its income protection proposition, with the main enhancement an increase in the maximum income percentage a customer can cover.