The MPPI market

The mortgage payment protection insurance (MPPI) market has remained competitive in recent years despite being affected by factors such as 11 September terrorist attacks in the US in 2001, as well as the global economic slump that followed. While the MPPI market has indeed seen continued sales, it is the unemployment element of cover that has caused concern for underwriters and insurers alike in the past 12 months. The main worry here it seems, is that insurers and underwriters are reluctant to cover people in occupations where the current unstable economic climate dictates that their...