Consumers more aware of need for protection

clock

Consumers are more concerned about protecting their family since the financial downturn, research suggests.

Women are the ones leading the way as they become increasingly aware of the need to do this, it also found. The study conducted by Hannover Life Re and the Protection Review saw 1,000 adults interviewed by pollsters ICM. It revealed a significant increase in the number of people wanting to protect their family's income and health. When asked if this was less or more of a priority since the financial downturn half (49%) said it was of greater importance, more than double the 2010 figure (22%). Women were more likely than men to see this as a priority with 55% responding positivel...

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 Protection

Protection and pensions: Overcoming challenges faced across both sectors

Protection and pensions: Overcoming challenges faced across both sectors

'Pensions and protection aren't often spoken about in the same sentence'

Paul Yates
clock 11 June 2025 • 4 min read
Training day: How will CPD changes impact protection?

Training day: How will CPD changes impact protection?

Rules may “lead to protection being overlooked”

Cameron Roberts
clock 30 May 2025 • 6 min read
'Surely we're capable enough of doing it ourselves': Industry says protection should be in-house

'Surely we're capable enough of doing it ourselves': Industry says protection should be in-house

Majority believe IFAs and wealth managers should not outsource, PA Asks finds

Isabel Baxter
clock 13 May 2025 • 3 min read