News articles
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Clarity needed on how income protection insurance interacts with Universal Credit
30/09/2019
More certainty around the possible impact of Universal Credit for individual income protection (IIP) customers is needed according to the ABI.
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People saving for a home among most at risk of financial catastrophe if they become ill or injured analysis reveals
20/09/2019
The Association of British Insurers (ABI) has today revealed that prudent young people saving for a home are most at risk of suffering the largest financial loss if they were unable to work due to illness or injury.
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Industry unveils new calculator to estimate potential income gap if you fall ill or injured
06/02/2019
Percy The Protection Calculator’, which is still in development, is a calculator aimed at consumers that is designed to give quick access to an accurate estimation of likely monthly income if you’re injured or fall ill. This is done by tapping into the Government’s benefit data and combining it with information provided by the Calculator’s user.
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Protection insurers pay out record-breaking £5 billion in claims
30/04/2018
Insurers pay out £13.9m per day in income protection, critical illness cover and life assurance 97.8% of claims made across group and individual protection are paid £340 million increase…
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Dominic Grinstead appointed new Chair of the ABI Protection Committee
08/03/2018
Dominic Grinstead, UK Managing Director at MetLife, has been appointed as the new Chair of the ABI’s Protection Committee, taking over from outgoing Chair Russell Higginbotham of Swiss Re. The…
