Protection

A Swiss Re report examining the accuracy of mortality projection models includes several interesting facts about life expectancy. Here are a few of our favourties from that report (plus a few others from elsewhere).

Mortality projection models are in need of a radical overhaul to ease insurers' funding problems and give them confidence when pricing future retirement income solutions, an influential new report argues.

Health insurers and brokers have broadly supported the Office of Fair Trading's (OFT) view that the private healthcare market is ‘not working well for customers'.

The British Insurance Brokers' Association (Biba) and the Institute of Insurance Brokers (IIB) have called for regulatory barriers to be lowered and for the current inappropriate style and intensity of regulation to be reformed.

Advisers fear their unprotected clients would be forced to live on state benefits or rack up large debt burdens should the worst happen.

Canada Life has said it sees significant growth opportunities in group risk and plans to use new media to market the sector.

The protection market is shrinking and becoming more concentrated in the hands of a few providers, according to figures from the FSA.

It is perhaps not a little ironic that on the eve of deadline day for three major banking groups to resolve their pre-judicial review payment protection insurance (PPI) complaints, another possible ‘protection' mis-selling scandal is uncovered.

Legal & General (L&) is considering building a referral system with selected independent advisers who would take over the provider's direct customers when their needs become more complex.

Defaqto has warned that the public should not be turned off protection products following the fall out of the Payment Protection Insurance (PPI) mis-selling scandal.