Industry news and views from Panacea and our partners.
Protection_
Royal London: Protecting clients against their biggest risks
It could be argued that traditionally a go-to protection policy would include life cover with a bit of critical illness cover after all these are the products most people are familiar with.
UnderwriteMe: Challenging customer perceptions
I had an interesting lunch with a couple of mortgage industry experts this week. Im going to allow them to remain nameless here, but Ill happily break this self imposed anonymity clause if anyone wants to ask me privately.
UnderwriteMe: Protection Reimagined
Whether its new adviser systems or the introduction of AI and Robo Advice, technology is clearly impacting the industry and changing how we work and communicate. But are you making the most of these changes?
UnderwriteMe: New survey highlights 60% of advisers are ready for October IDD deadline
UnderwriteMe has released the results of a survey among 101 advisers and mortgage brokers who sell protection insurance, which highlights that three in five (60%) are ready for the Insurance Distribution Directive (IDD) deadline of 1st October 2018.
UnderwriteMe: Protection Re-imagined
Calling all advisers! Come and join us at our seminar and learn more about the future of protection and how you can keep your business modern and forward thinking as the new age of technology dawns upon us.
Royal London: Just the job - Our Income Protection is tuned to your clients' needs
Being off work because of an illness or injury is one of the biggest risks your clients face. Thats why weve updated our Income Protection to meet more of your clients needs.
Guardians new business platform, protection builder, now live life and critical illness products will be available on ipipeline and iress
Guardian Financial Services is now open for business with financial advisers and their clients across the UK. Guardians protection offer will be available on iPipeline® and IRESS from later today, With Synaptic Webline and LifeQuote to follow in the coming weeks.
Guardian takes on board lessons learned from pilot and vows to keep learning from advisers through launch period and beyond
Were determined to work with all our new intermediary partners to deal with any teething problems, involving registering, using the system and placing business, as swiftly as possible.
Royal London: Diabetes Life Cover helps your clients take control
When you have a client with diabetes, finding cover that meets their needs and budget can be difficult.
Royal London: Weve improved a number of our occupation classes
Were continually reviewing our products to make sure you can offer protection to more of your clients.
Royal London: Weve improved a number of our occupation classes
Were continually reviewing our products to make sure you can offer protection to more of your clients.
Royal London: Life with type 1 diabetes
When I turned 18 I expected the months that followed to be filled with the stress of exams, what was I going to do after high school, and of course, most importantly for any 18 year old, enjoying reaching the legal drinking age. I never imagined they would actually be spent adjusting to being diagnosed with a lifelong condition.
Royal London: Your clients can get Diabetes Life Cover in less than 30 minutes
An estimated five million people in the UK will have diabetes by 2025.* So chances are youll come across clients with this condition in the future.
Protection challenger Guardian piloting proposition with four top uk distributors before roll-out to whole market
Guardian, the protection challenger operated by Gryphon Group Holdings is piloting its life and critical illness proposition with four of the UKs top financial services distributor firms, L&C, Paradigm, Sesame Bankhall Group and SimplyBiz Group.
Royal London: Diabetes Life Cover helps your clients take control
When you have a client with diabetes, finding cover that meets their needs and budget can be difficult. Thats why weve launched Diabetes Life Cover its designed specifically for people with type 1 and type 2 diabetes, who may have found it difficult to get affordable cover in the past.
Royal London: Reducing the number of declined claims
At Royal London we want to pay as many claims as possible, but its impossible to say well always pay 100% due to misrepresentation or clients not meeting our definitions.
Royal London: Diabetes Life Cover helps your clients take control
When you have a client with diabetes, finding cover that meets their needs and budget can be difficult.
Royal London: State of the Protection Nation 2018
Our second State of the Protection Nationreport is now available to download.
Royal London: Protection Webinar Discover tools to make selling protection easier
Protection Webinar Discover tools to make selling protection easier
This is Life. Made Better
Guardians widely-anticipated life and critical illness product details announced today This is Life. Made Better
Royal London: What does value for money in a DC default look like?
The phrase value for money is fast becoming a favourite phrase of the pensions industry. The regulator sees 'value for money' as a key outcome for workplace pension members and as a result both providers and Independent Governance Committees (IGCs) are keen to evidence it. But what is it and can it really be measured?
Royal London: Our online service gives you more visibility
Our send to client feature lets you see exactly what stage your online applications are at. This means even when you send an application to your client to complete medical details, you remain in control.
Royal London: Affordability calculator
Our affordability calculator is designed to help you assess your client's affordability and the level of cover they require.
Canada Life: The UK Group Protection Market and Insurers A Ten Year Retrospective
10 years ago, a number of group protection providers in the U.K. approached the ORC International research company and asked, Can you help us understand how advisers feel about the proposition, service and support we provide?
Royal London: Protection that changes with your clients?
At Royal London, no matter where someone is in their lives, their cover can change with them. And now theyve updated their Menu Plan to make it even more flexible.
LV=Fresh ideas on who to target & how to add juice to your IP conversations
Wake up to IP is back for 2018 IP protects against our biggest financial risk: a sudden income shock due to long-term sickness. That's why LV= believe IP is the most important protection product for UK working families.
Multinational Pooling Advanced
Our last CPD edition looked at some of the high level concepts behind multinational pooling, including the history and background, an overview of the common models and benefits for corporations, advisers and insurers. This article will look at some practical examples to illustrate the models and the advantages and disadvantages of some of the alternatives.
Brexit, borders and Group Insurance
There has been much made of borders in the Brexit speculation. While focus has been on the Irish border, there is a generalised desire to limit the imposition of so-called hard borders after the UK leaves the European Union. From a Group Insurance perspective, there are two populations that employers need to worry about: those on secondment and those moved into other overseas organisations or territories.
Aviva bolsters its protection offering with Whole of Life+
Aviva, the UKs largest insurer, has strengthened its protection offering with the addition of a new whole of life insurance product for intermediated clients.
Thriving at work: the role of Group Income Protection
October saw the publication of Thriving at work: The Stevenson/Farmer review of mental health and employers (the Stevenson Farmer report), which took a broad look at the role of the workplace in helping improve mental health in the UK. In amongst the reports 40 recommendations for employers, Government, trade bodies, regulators and a host of others, were familiar messages about presenteeism.
Royal London have upgraded their Review Service
Royal Londons Review Service is designed to deliver real support to your ongoing client conversations. To make sure thats happening, theyre always listening to adviser feedback. And, as proof of this, theyre rolling out some new features.
Aviva bolsters its protection offering with Whole of Life+
Aviva, the UKs largest insurer, has strengthened its protection offering with the addition of a new whole of life insurance product for intermediated clients.
Royal London: A quick and easy online service for you and your clients
At Royal London we want to make applying for protection straightforward. So we continually review and update our online service to make sure its a doddle for you and your clients to use.
Aviva bolsters its protection offering with Whole of Life+
Aviva has strengthened its protection offering with the addition of a new whole of life insurance product for intermediated clients.
Scottish Widows: New business champion for insurance industry to support rights of disabled consumers
One year on from the appointment of the Governments sector champions, a new champion for the insurance industry has been announced by the Minister for Disabled People, Health and Work.
Aviva bolsters its protection offering with Whole of Life+
Aviva has strengthened its protection offering with the addition of a new whole of life insurance product for intermediated clients.
Royal London: Cover that matters for clients and their families
Children's critical illness is more common than you might think - it's consistently one of the top five reasons our customers make a claim.
Aviva: Our best-ever critical illness cover
When we introduced changes to our cover back in September 2017, our key objective was to increase the likelihood of a successful claim. In 2016, we paid 92.3%* of critical illness claims paying a total of over £311m - and whilst we're proud of our claims record, we're always looking to do more.
Avivas critical illness cover gets even better
Aviva has enhanced its Life Insurance+ and Critical Illness+ products in a bid to make them the most comprehensive in the market. Mark Cracknell, Avivas Head of Protection Distribution, said: These changes mean well be able to pay even more claims for some of the more common conditions.
Royal London: Starting to buy the Donald Dip
US stock market volatility continues to spike higher as the strongest wage inflation in the US since 2009 triggered fears of faster than expected rises in interest rates. While Donald Trumps White House has correctly pointed to strong economic fundamentals as a more important long term story and the role of the tax cuts in driving this, theyve failed to appreciate the impact that their policies could have on inflation, and therefore the path of interest rates.