Protection

Purchasing property is the top trigger for clients to take out protection, a survey of IFAs has revealed.

The European Court of Justice (ECJ) has outlawed the use of gender in underwriting from 21 December 2012.

Resolution, the buy-out vehicle launched by entrepreneur Clive Cowdery, is highly unlikely to make any further acquisitions and will instead focus on developing new life products.

LifeSearch has revealed it arranged £4bn worth of cover and saw a 10% increase in the number of under 35-year-olds who took out protection products last year.

Ageas Protect has added a new national sales manager and strategic account manager to join its protection business from Bupa.

Pharmaceutical & General Provident Society has revealed it paid 98% of its income protection claims last year.

Zurich has recorded its highest quarterly protection market share as part of an overall growth in its IFA presence.

What Insure has launched an income protection (IP) product including cover in the event of someone becoming a carer.

The FSA expects protection and health insurance to be among the most likely product areas affected if the European Court of Justice (ECJ) rules that gender based pricing is illegal.

Cirencester friendly paid 94% of its valid income protection (IP) claims totalling £2.7m in 2010 and reiterated its call for other providers follow suit.