
Majority of brokers are actively cross-selling
Story by: Gemma Westacott, FTAdviser
Norwich Union Healthcare (NUH) has enhanced its Optimum Private Medical Insurance product, aimed at helping customers tackle employee absence.
There is now just two weeks to go until the Association of British Insurers' (ABI) conference on the Retail Distribution Review (RDR), held in association with Financial Adviser.
Only a third of Britons would consider cutting back on monthly expenditure to fund protection plans, creating a key role for advisers to steer their clients towards protection products.
Norwich Union Healthcare is introducing a 'only once underwriting' service as part of its new medical underwriting approach for new and existing group income protection customers.
Plans to ban the sale of payment protection insurance at the same time as selling loans, credit cards and mortgages will deter customers from buying it, MoneyExpert.com has warned.
Private medical insurers in the financial services industry are to address the transparency of claims next month at a discussion panel.
Equitable Life bosses have hit out at the "cruel" government for failing to apologise to policyholders this year as was originally promised.
Munich Re recorded losses of more than $200bn (£136.4bn) in 2008 as the result of numerous global natural catastrophes, such as the earthquake in Sichuan and tropical cyclones.
The global insurance industry is in for a tough year ahead, with mergers and acquisitions likely as a result of falling demand from retail customers.
Insurers are uncovering a growing number of cases of 'front end fraud', where customers have lied or failed to disclose information in an effort to secure cheaper insurance.
Advertising
Location: Kent
Salary: £26000 per annum
Location: London
Salary: £100000 per annum
Location: Northamptonshire
Salary: £18000 - £20000 per annum