Non-mortgage-related term assurance saw a massive increase in sales over the third quarter of 2008. ...
Non-mortgage-related term assurance saw a massive increase in sales over the third quarter of 2008. The latest statistics from the Association of British Insurers (ABI) show a leap from 205,000 policies written in the second quarter to 940,000 policies written in the third. The ABI put this increase down to: "one company selling a large amount of business to their current account customers." However the total value of new premiums only rose from £86m in the second quarter to £98m in the third, indicating low value policies. The association added that it was not at liberty, due to co...
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