News

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.

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.