Life insurers in Western Europe are set to continue to suffer from shrinking markets and low profitability, while globally markets recover, according to global reinsurer Swiss Re.
The majority of small and medium sized enterprises (SMEs) have no key worker protection in place, despite death of a business owner emerging as the most disruptive potential scenario a business can face.
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Insurance pioneer Clive Cowdery has tabled a bid for a US insurer in the tycoon's first attempt to enter the American market.
Most elderly people will be required to sell their homes in order to afford to fund care costs, according to care fees planning advisers.
Provider Aegon UK has hired John Wilkinson, previously head of protection and investments at Nationwide Building Society, as protection director.
Royal London is to launch a direct to consumer proposition next year, comprising 'basic' savings and protection products that do not require advice.
LV= is launching a simplified income protection product, ‘Sick Pay Insurance'.