• Login
SUBSCRIBE TO OUR NEWS EMAILS
Wednesday, 20 January, 2021
No Result
View All Result
BestAdvice
  • News
  • Features
  • Blogs
  • Podcast
  • Research & Reports
  • Video
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI
No Result
View All Result
BestAdvice
No Result
View All Result

Individual protection market “could grow by an average 18%”

by Kevin Rose
22 March 2019
L&G reveals 2016 protection payout figures
Share on FacebookShare on TwitterShare on LinkedIn

MetLife research has found that advisers think sales of individual protection could grow by an average 18% over the next two years.

However, advisers disagree on how to drive market expansion.

The study found growing optimism among advisers about their ability to increase protection for more customers – 38% say there is a definite opportunity to help more customers over the next two years while 40% say there could be.

However the research identified adviser concerns about potential roadblocks to market expansion, with worries about affordability and the relevance of products to everyday lives seen as the biggest issues.

67% of advisers said clients would be more interested in individual protection policies if they were more affordable and the same number said clients are put off buying protection products because they do not believe they will need them.

Advisers say that 51% of prospective customers are reluctant to buy protection policies because they are concerned about providers’ claims records, while 56% of advisers warn clients do not believe the current range of products is relevant to their everyday lives.

Richard Horner, head of individual protection at MetLife UK, said: “The individual protection market is seeing strong growth and the optimism among advisers about opportunities to grow the market is very welcome.

“There are however significant concerns advisers are hearing from their clients about the relevance of existing products available and issues about affordability and claim payments, which providers need to be address.

“The reality is that there are affordable product options and the risks that they cover are part of everyday lives, while the industry’s record on claims is strong with providers committed to making the claims process straightforward and paying claims in a timely manner.”

ShareTweetShare
Previous Post

Conveyancing Association backs new Freehold Management Enquiries form

Next Post

PMS expands second charge offering

Next Post
Sesame and PMS hire specialist relationship manager

PMS expands second charge offering

TML appoints head of national accounts

TML appoints head of national accounts

Healthy behaviour should inform premium calculations

Vitality Essentials offers benefits to SME PMI clients

CLICK FOR COVID-19 LATEST

Newcastle Intermediaries offers deals to North East FTBs

ONS: November house price rise of 1.2%

20 January 2021
Countrywide Surveying Services to hold virtual annual conference

LendInvest to hold virtual conference next week

20 January 2021
Glenhawk plans launch of homeowner products in 2019

IMLA: expect 2021 gross mortgage lending rise

17 January 2021

LIMITED COMPANY BTL REPORT

Most Popular

  • Should we stay or should we go?

    Don’t ignore EU money laundering directives, firms warned

    0 shares
    Share 0 Tweet 0
  • Nationwide introduces swathe of mortgage rate cuts

    0 shares
    Share 0 Tweet 0
  • Target Group sounds BBLS warning

    0 shares
    Share 0 Tweet 0
  • Octane Capital reaches redemptions milestone

    0 shares
    Share 0 Tweet 0
  • Metro Bank agrees distribution deal with Brilliant Solutions

    0 shares
    Share 0 Tweet 0

Receive BestAdvice briefings

   


   


   


Recommended

Uinsure relocates its headquarters

Covéa Insurance joins Uinsure panel

1 week ago
Tesco Bank expands mortgage intermediary panel

Roma Finance joins Legal & General Mortgage Club panel

2 weeks ago
The Skipton becomes an internal ratings based lender

Skipton introduces 1.64% fixed rate

3 days ago
The Swansea BS joins PMS and Sesame panels

New lender member for ASTL

1 week ago
  • Subscribe
  • Advertise
  • About us
  • Contact us
  • Privacy policy
  • Terms & Conditions
SUBSCRIBE TO OUR ALERTS!

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

No Result
View All Result
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.