General Insurance Article - Income Protection Awareness Week

Nathan Hill, Market Head L&H UK & Ireland at Swiss Re, on the importance of income protection products and the ongoing need to improve both consumer access to them and adviser confidence in them.

  “In the insurance industry, we often talk about consumer awareness and financial vulnerability. Given how much these issues were brought to roost throughout the pandemic, there has never been a greater need to help people join the dots between their own vulnerability and the products that can cover them.

 “For someone who is unable to work owing to sickness or injury, income protection products can provide a vital lifeline by, not only meeting their financial needs, but also supporting them back into work when they are able to do so.

 “Across the insurance industry we have seen ongoing product innovation in the income protection sector, meaning that there has never been more choice available to customers and advisors. This choice enables advisors even greater scope to balance sometimes competing factors such as customer needs and affordability etc.

 “But the problem is that these products are largely still only really sold within an advised environment. Campaigns such as this week’s IP Awareness campaign, combined with ongoing industry collaboration and awareness, can therefore play a key role in continuing to build adviser confidence and momentum around these products, ensuring they are made available to a broader cross section of the population.”


Back to Index

Similar News to this Story

SCOR sign up to the Climate Transition Pathway
Willis Towers Watson have announced that SCOR have signed up to align capacity to support the Climate Transition Pathway (CTP) solution, an accreditat
10 trends that will affect the workplace post pandemic
COVID-19 has transformed the very nature of the employer-employee relationship, accelerating trends that were already in play and calling into questio
Call for flood insurance providers new directory
The British Insurance Brokers’ Association (BIBA), the Association of British Insurers (ABI) and Flood Re have opened registration for the new Flood I

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.