As part of efforts to boost the insurance industry, Heirs Holdings (HH ) has announced the Group launch of Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA). Heirs Holdings will bring a dynamic, digitally driven offering to the general and life insurance sectors, provide clients with a real choice of products, pricing, channel, and claims handing. Heirs Insurance Limited (HIL) provides general insurance, offering policies covering vehicles, homes, SMEs, business risks, and other properties. Heirs Life Assurance (HLA) offers insurance-backed savings plans and life insurance security for individuals, families, children’s education, debtors, creditors, entrepreneurs, and employees...
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Insurance - failure to disclose depression and illegal drug use permits life insurer to decline indemnity Tara Cosgrove, Seán O'Halloran and Conor Williams review the judgment of the Irish High Court in Saunders v Irish Life Assurance plc [2020] IEHC 312 given 24 June 2020. Summary The plaintiff had jointly taken out a life assurance policy with her partner two years before the death of her partner. The defendant insurer declined to pay out on the plaintiff's claim in circumstances where it was alleged that the deceased had misrepresented his medical history (particularly concerning his use of illegal drugs) by failing to disclose these facts in an online pre-contract questionnaire...
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Outlook on the Whole of Life Assurance Market to 2025 by Application, End-user and Geography The latest research report on Whole of Life Assurance market encompasses a detailed compilation of this industry, and a creditable overview of its segmentation. In short, the study incorporates a generic overview of the Whole of Life Assurance market based on its current status and market size, in terms of volume and returns. The study also comprises a summary of important data considering the geographical terrain of the industry as well as the industry players that seem to have achieved a powerful status across the Whole of Life Assurance market. The researchers have studied the Whole of Life...
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COVID-19 has caused disruption, leading life insurers to adjust their underwriting guidelines. In the short term, sales are anticipated to fall. This report focuses on the UK's term assurance market in the context of the wider protection space. It provides an in-depth assessment of the term assurance market, looking at current and historical market size with regards to changes in contracts and premiums. It examines how term assurance products are distributed, and highlights key changes in the competitive landscape, as well as the propositions of the key market players. It provides five-year forecasts of contracts and premiums to 2024, and discusses how the market, distribution, and...
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The claim, being filed in the Isle of Man courts by law firm Signature Litigation, is seeking compensation for the losses suffered by investors as a result of the insurers’ “misrepresentation” of and “failure to conduct due diligence” on the investments sold through their insurance vehicles. According to the claimants, Old Mutual (now Quilter International) and Friends Provident’s offshore Isle of Man subsidiaries sold ‘portfolio bonds’ or ‘insurance bonds’ — described as life assurance policies — which were in fact unit-linked and held high risk funds inappropriate for unsophisticated investors. Quilter denies any...
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It’s time to get to the bottom of the difference between life insurance and life assurance. They have similar names, and in some ways they are similar products. But there are key differences that you need to be aware of before deciding what’s best for you and your circumstances. What are life insurance and life assurance used for? Nobody likes to think about the unexpected. But knowing that you can provide for your loved ones after you have gone is really important. Both life insurance and life assurance are designed to provide a lump sum for your nearest and dearest in the event of your death. This is typically used to pay off the mortgage, cover the cost of funeral arrangements and other...
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Route 1 - Online quote and apply Carry out a quotation online and you'll then be presented with a panel of Insurers. You will then be able to select an Insurer and continue to complete the application. If the Insurer does not need any further information (from your GP for example) then you will be able to start the policy immediately. Once the policy has been confirmed you will then need to go back onto our site to pay our one-off fee of £25.00 (for fee based applications). If you prefer not to pay a fee then we do also offer a no-fee option where the monthly premium is generally slightly more expensive and the Insurer will pay Cavendish Online a small amount of commission instead. This may...
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Launch of new German life assurance product STM Group PLC (AIM:STM), the cross border financial services provider, is pleased to announce the launch of its first proprietary product for the German market through its subsidiary STM Life Assurance PCC Plc ('STM Life'). By working with tax experts and lawyers in Germany, STM Life has developed a product solution that complies with all German tax and insurance regulatory requirements thereby offering significant tax advantages and wealth structuring opportunities for both expatriates and local nationals living in Germany. The product offers a tax free roll up of gains, dividends and interest with the prospect of reduced taxation of the final...
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NEW PRODUCT DEVELOPMENT AS A STRATEGY FOR EFFICIENT MARKETING OF LIFE ASSURANCE PRODUCT IN NIGERIA This research titled new product development in insurance industry as a strategy for efficient marketing for life assurance products in Nigeria was carried out with the objectives of identifying why marketing of life assurance product are low in Nigeria. Why many life assurance companies do not go into new product development and the prospects of new product development in life assurance industry. Related literatures were reviewed and structure questionnaire and oral interview were used to collected primary data from the respondent. The data collected were analyzed using likest-scale of...
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