ABI launches 'income gap' online calculator

‘Percy: The Protection Calculator’

clock • 2 min read

The Association of British Insurers (ABI) has unveiled an online calculator that estimates the financial entitlements of people should they miss work due to illness or injury.

The beta version of ‘Percy: The Protection Calculator', which is still under development, can be found on the ABI website. Aimed at consumers, to raise awareness, it is designed to give an accurate estimation of monthly income by combining personal information entered by the user with government benefit data. The data stored will not be stored or used for any other purpose and users will not be asked to share their name, first line of address or email contact details. Income shocks "Our vision for the creation of Percy is to provide a calculator that gives people the information th...

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 Technology

CFA Institute calls for greater clarity from FCA's AI approach

CFA Institute calls for greater clarity from FCA's AI approach

'Substance over form'

Patrick Brusnahan
clock 22 April 2026 • 1 min read
Why most AI platforms are failing life insurers – and what to look for instead

Why most AI platforms are failing life insurers – and what to look for instead

‘The promise of AI in this industry remains enormous’

Will Watling
clock 14 April 2026 • 3 min read
Brits unable to access finances following death of loved one

Brits unable to access finances following death of loved one

More than one in three face password barrier

Cameron Roberts
clock 29 October 2025 • 2 min read