Susan McInnes to step down as Andy Curran follows old boss Andy Briggs to financial services group Phoenix Group chief executive Andy Briggs Former Aviva executive Andy Curran is to take charge of the Standard Life Assurance business at Phoenix Group as Susan McInnes steps down. Curran follows his old boss Andy Briggs, who stepped down as chief executive of UK Insurance for Aviva last year before becoming CEO at Phoenix in January. McInnes will retire as CEO of Standard Life Assurance this autumn, having taken on the role as Phoenix Group bought the business from Standard Life Aberdeen for £2.9 billion in September 2018. Having been with Phoenix fora decade, she will also step down as group...
Continue reading...
The UK Travel Insurance Market report by Adroit Market Research, provides a detailed analysis of the area marketplace expanding; competitive landscape; global, regional, and country-level market size; impact market players; market growth analysis; market share; opportunities analysis; product launches; recent developments; sales analysis; segmentation growth; technological innovations; and value chain optimization. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future...
Continue reading...
f you’re looking to make some serious money in a high-earning Life Insurance sales role, whilst soaking up the glorious Spanish sun, then stop what you’re doing and have a look at this! This has to be one of the most attractive opportunities on the market. This very successful life insurance brokerage has the financial backing of an incredibly established wealth management company, and as a result, they’re looking to expand and bring on experienced Life Insurance Sales Agents. Despite only working with UK-based clients, you will be working solely from the land of sunshine and Sangria - Spain! You’ll be selling life insurance to the UK market, so it is crucial that you have experience in a...
Continue reading...
AM Best is maintaining its market segment outlook on the United Kingdom non-life insurance market at negative. Key factors underpinning the outlook include an expectation of lower premium volumes due to the economic slowdown driven by the coronavirus (COVID-19) pandemic, as well as persistent pressure on underwriting performance from strong competition and claims inflation. The outlook also considers the ongoing political and economic uncertainty associated with Brexit and regulatory scrutiny of retail pricing practices. A new Best’s Market Segment Report, titled, "Market Segment Outlook: United Kingdom Non-Life," notes that insurers have welcomed changes to the personal injury compensation...
Continue reading...
A new insurance provider, backed by BHIB Insurance Brokers, has launched for freelancers working within the creative industries, allowing professionals to access general insurance, life insurance and income protection through a broker. Create Insurance, underwritten by Hiscox for general insurance and Vitality for life insurance and income protection, is aimed at those working within creative fields, such as photographers, script writers, makeup artists and camera assistants. Customers can choose from a suite of appropriate levels of cover for their equipment, work or themselves. Distinctive proposition Create Insurance is part of BHIB Insurance Brokers; the proposition was designed by...
Continue reading...
Life insurance for non UK residents protecting a UK asset If, once you’ve read this case study, you’d like to talk through your situation, please call 0800 644 4468 Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00. Our process The first thing we do is pick up the phone. We speak to Underwriters at many of the UK’s leading Insurance companies. Discussing all of our client’s medical history helps us to identify the best company to apply to. This also means we avoid applying to companies who will end up being too expensive or worse, decline an application. By completing our research thoroughly, we are able to avoid wasting time and...
Continue reading...
A Facebook ad from life-insurance provider DeadHappy has been banned by the Advertising Standards Authority, following a complaint that it was "irresponsible and offensive". The sponsored post showed a man leaning his head against a wall alongside the tagline: "Life insurance to die for." It promoted DeadHappy's offer of two months' free life insurance – accessed via the code "SKULLMAN" – and this led the complainant to believe the post was alluding to depression and male youth suicide. DeadHappy claimed the ad was part of a larger "bizarre and absurd" campaign, including other ads showing a man wearing a panda head and a man planking against a wall, that were intended to stop...
Continue reading...
National Association of Insurance Commissioners will investigate the increased use of data models in life insurance underwriting and provide recommendations on the issue. At the recommendation of the Big Data (EX) Working Group during the National Association of Insurance Commissioners (NAIC) Summer National Meeting, the NAIC's Life Insurance and Annuities (A) Committee formed a separate Accelerated Underwriting (A) Working Group with the charge "to consider the use of external data and data analytics in accelerated life underwriting, including consideration of the ongoing work of the Life Actuarial (A) Task Force on the issue and, if appropriate, drafting guidance for the states." The...
Continue reading...
The Financial Regulatory Department has granted licences to five foreign insurers and half a dozen joint ventures to operate in the Myanmar market. British Prudential, Japanese Dai-ichi Life, Hong Kong AIA, US Chubb, and Canadian Manulife have been permitted to issue life insurance policies in Myanmar with their fully-owned subsidiary, more than six months after the five insurers were granted provisional licences. According to Prudential, Myanmar has a fast-growing middle class, as well as an increasingly urbanised and tech-savvy population. The country has around 57 million mobile subscriptions, with a mobile penetration of around 105%. The insurer will attempt to harness its wide-ranging...
Continue reading...
One surprising survey and two discount opportunities reveal that life insurance may be more affordable than many realize. This is the important rule to follow to make sure your family is covered in an accident or tragedy. When one doesn't have life insurance, many children find they are forced to pay at least the "cost of dying," which is £9,204. With historically low life insurance rates – provide for your family, ensure your children get the best education, and pay off debts... with up to £200,000 in coverage. This is key if you want to provide a lot but pay a little. In one year, the Association of British Insurers found that over 25,000 people claimed an average of £51,500 on the...
Continue reading...
