News

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.

Britain's recovery has become entrenched and the Bank of England should start to raise interest rates in the coming months to reflect the stronger economy, according to one of its most dovish policymakers.

Control over costs is overwhelmingly the reason global companies use multinational pooling, with 80% citing it as the prime reason the schemes are in place.

The Association of Medical Insurers and Intermediaries (AMII) has announced that Health Assured and Benenden Health have joined as corporate members.

The Financial Conduct Authority (FCA) has introduced a new approach to tackling serious failings in financial services firms by cracking down on senior level management first.

The government's implementation of Personal Independence Payments (PIP), which replaced Disability Living Allowance, has been criticised by MPs as ‘nothing short of a fiasco.'

Malignant melanoma, a type of skin cancer, has increased by 78% among males and 48% among females from 2003 to 2012, official figures have shown.

Zurich is extending the age limit of its investment-linked protection product, Investment Life Cover, for customers up to their 70th birthday.