COVER - the latest information on PMI and protection
WEBCOVER Excellence Awards: Final day to enter. GROUP PROTECTION. Employees experience financial avoidance. One in four adults grieve alone. Group protection outlook: Dan Crook. More women experience workplace burnout. Consumer Duty. Industry falling short on fair access to protection. PDG responds to FCA market study.
COVER - events for UK health insurance professionals
WEBCOVER Protection and Health Summit 2024. 07-11-2024. London, United Kingdom. COVER invites you to the biggest gathering of protection and health insurance advisors of the year. On the 7th November, we will be showcasing a programme filled with thought-leaders, solution-providers and industry-defining organisations. More information.
FCA calls on insurers to demonstrate fair value - Cover Magazine
WEB21 August 2024 • 2 min read. The Financial Conduct Authority (FCA) has called on insurance providers to ensure they demonstrate fair value and good customer outcomes. The regulator said that while insurers and brokers have improved governance and oversight of how products are designed, managed, reviewed and distributed, many still cannot show ...
PDG's underwriting challenges: What we would like to see on …
WEBAlan Knowles. 23 November 2023 • 3 min read. In part one of this two-part series, Alan Knowles, managing director of Cura Financial Services and board member of the Protection Distributors Group (PDG), explores the achievable improvements that can address important underwriting barriers, starting with mental health questions. The pandemic ...
London records largest protection gap in the UK
WEB25 October 2023 • 3 min read. London was found to have the "most alarming" protection gap in the UK when considering sick pay and income protection, redundancy pay, critical illness cover (CIC) and life insurance, according to Hargreaves Lansdown (HL). The HL Savings & Resilience Barometer in July measured how people in each area of the UK ...
AIG Life overhauls underwriting rules engine with 50+ changes
WEB27 November 2023 • 4 min read. AIG Life has unveiled a new underwriting rules engine (URE) and enhanced intermediated underwriting journey with more than 50 improvements. Both are built around the Financial Conduct Authority's Consumer Duty principles, with the aim of helping even more people to get, and understand, the protection insurance ...
Two in five employers offer physical health support for injury or …
WEBAug 20, 2024 · This physical support includes access to private treatment, vocational rehab or other similar medical services. GRiD's research, which surveyed 500 HR leaders, found that in the event of an injury or new illness/disability, 38% of employers offered support for mental health, such as mental health first aiders, an employee assistance programme (EAP) and counselling.
Mortgage holders consider equity release to fund long-term care
WEBJaskeet Briah. 20 August 2024 • 2 min read. UK mortgage holders were most likely to consider equity release - releasing cash from a property without having to move - to cover unforeseen expenditures in later life, LV= has found. According to the latest edition of the LV= Wealth and Wellbeing Research Programme - a quarterly survey of 4,000 UK ...
Partner Insight: "Having protection in place can mean the …
WEBNov 7, 2023 · Becoming a parent, getting married, or buying a first home are the traditional milestones for clients starting to consider life and critical illness cover. For clients who don't have dependants or a partner to cover, life and critical illness cover can seem like an unnecessary expense but having some cover in place is just as important. That's ...
Over half of private UK renters have no protection - Cover Magazine
WEBAug 19, 2024 · According to Scottish Widows research. Jaskeet Briah. 19 August 2024 • 2 min read. Scottish Widows has found that 56% of private renters in the UK have no form of financial protection in place despite one third needing to take extended time off work. The provider surveyed 4,043 UK adults, including 1,000 self-employed workers and 1,000 ...