News articles
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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…
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Protection insurers pay out £13m per day in claims
05/05/2017
Latest data shows record £4.7bn paid to households in 2016 Around £13m a day was paid out to support people who have protection insurance products such as life insurance, critical illness or income…