Insurance

Half the life insurance claims received by Scottish Provident last year were made for those under 55 years old, the insurer has revealed.

Bereavement benefits need to be altered to better support those who have suffered the death of a loved one, government research has found.

Lloyds Banking Group made a loss of £3.5bn last year - largely due to money set aside to cover payment protection insurance (PPI) claims - and said its bonus pool was down 30% against 2010.

Life settlements fund EEA has generated nearly £40m in revenues in the last two months, despite its suspension following "unprecedented" redemption requests.

LV= has announced it paid 91% of income protection (IP) and 88% of critical illness (CI) claims in 2011.

Online payment protection insurance (PPI) provider Paymentcare is offering a 30.8% commission to brokers who switch clients' policies to one of its products.

Bright Grey has added to its simplified products offering with the launch of its Lifestyle Plus plan.

Ageas has questioned whether the impending move to gender neutral pricing will result in women falling further behind men in their willingness to protect themselves.

Critical illness products are continually evolving worldwide. With this in mind, Greg Becker checks out some interesting developments in Hong Kong.

Parents are risking the financial security of their families should they become seriously ill by not buying critical illness (CI) protection.