Zurich witnesses large sum assured increase

clock

Zurich has seen a significant rise in large case policies issued over the last year.

The provider reported a 20% increase in the number of policies sold with a sum assured of £1m and above. There was also a 9% growth in applications over the same period, something which the insurer said was part of a longer term trend. "Since 2007, large case applications have increased by 140% despite the fact that the widely-reported protection gap shows no signs of closing," it explained. In a bid to help advisers understand more about this specialist area of underwriting, Zurich has produced a reference guide for those new to this area. The Guide to Financial Underwriting an...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Business

Baigrie pans providers' 'petty theft' of advisers' clients

Tom Baigrie, the chief executive of protection broker LifeSearch, has hit out at product providers for pretending to "police" advisers' relationships with their customers, a practice he dubbed "institutional petty theft".

clock 08 March 2013 •

Scottish Widows eyes IFA protection market return

Scottish Widows is considering re-entering the IFA protection market, possibly in 2014.

Naomi Osinnowo
clock 19 December 2012 •

Protection watch...with Kevin Carr (June 2012)

PROTECTION WATCH

Kevin Carr
clock 11 July 2012 •