By Chloe Cheung The pandemic has not only raised awareness of the role of protection, but also housework and childcare responsibilities in a family. Women and men were equally likely to say their caring and domestic responsibilities had increased since lockdown,...

By Chloe Cheung Homeowners are most likely to take out protection when they fall ill, research has shown.   A February survey of 2,000 existing and prospective homeowners found it would take falling ill (31 per cent), a change in employment status (25 per cent) or...

By Ima Jackson-Obot Insurance is effectively a social contract in which it is agreed that the many will subsidise the few. And as medical science advances year-on-year, so both individuals and underwriters have a far better understanding of who those few claimants...

By Ima Jackson-Obot   ... [Article continued] Another big part of the problem is how insurers can account for the profit on life insurance: specifically they typically account for all the profit on their balance sheet in year one. This means life insurers have no...

By Chloe Cheung Unmarried partners are at risk of missing out on life cover payouts due to errors in the way their policies are set up, a report has warned. A report by Swiss Re and Insuring Change found the rates of cohabiting couples and single life policies were...

By Chloe Cheung Outcome-based insurance cover is likely to become more common in the critical illness sector in lieu of condition names, according to an industry expert. Alan Lakey, director at comparison service CIExpert, predicted the industry will see more insurers...

By Chloe Cheung Soaring demand in the mortgage market has not driven ‘real change’ in levels of protection business, advisers have warned. A September survey of 5,000 consumers for the Association of Mortgage Intermediaries found buying a first home (51 per cent), or...

By Chloe Cheung Some protection advisers have reported difficulties in finding cover for clients due to underwriting changes, alongside a warning that declined consumers could feel “let down” by the industry. Naomi Greatorex, managing director at Heath Protection...

By Chloe Cheung Leads generated online should be certified to enable intermediaries to audit and challenge life insurance adverts used to introduce them to potential clients, an industry paper has claimed. The report, authored by technology platform Contact State and...

By Chloe Cheung Potentially misleading adverts for protection are still proliferating on social media despite warnings issued two months ago over the rise of such promotions. Despite FTAdviser highlighting in April the potential problems with "opportunistic"...